Talon Metals (TSE:TLO) Hits New 12-Month Low - Time to Sell?

Talon Metals Corp. (TSE:TLO - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as C$0.08 and last traded at C$0.08, with a volume of 135863 shares traded. The stock had previously closed at C$0.08.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TLO shares. Stifel Nicolaus reduced their price objective on Talon Metals from C$0.50 to C$0.45 and set a "buy" rating for the company in a research report on Thursday, January 30th. TD Securities cut their price target on Talon Metals from C$0.55 to C$0.30 and set a "buy" rating for the company in a research note on Monday, November 18th.

Talon Metals Stock Up 6.7 %

The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08. The firm has a market cap of C$74.78 million, a P/E ratio of -55.00 and a beta of 1.13. The business's fifty day moving average price is C$0.08 and its two-hundred day moving average price is C$0.09.

Talon Metals Company Profile

Talon Metals Corp., a mineral exploration company, explores for and develops mineral properties in the United States. It owns an 18.45% interest is the Tamarack nickel-copper-PGE project located in Minnesota, the United States; and a 100% interest in the Trairão iron project located in Brazil. The company is headquartered in Road Town, the British Virgin Islands.