Talon Metals (TSE:TLO) Sets New 1-Year Low - Time to Sell?

Shares of Talon Metals Corp. (TSE:TLO - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.08 and last traded at C$0.08, with a volume of 447508 shares trading hands. The stock had previously closed at C$0.08.

Analyst Ratings Changes

TLO has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price target on shares of Talon Metals from C$0.50 to C$0.45 and set a "buy" rating for the company in a report on Thursday, January 30th. TD Securities decreased their price target on shares of Talon Metals from C$0.55 to C$0.30 and set a "buy" rating for the company in a report on Monday, November 18th.

Talon Metals Price Performance

The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08. The stock has a market cap of C$74.78 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The company's 50-day moving average is C$0.09 and its 200-day moving average is C$0.09.

About Talon Metals

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.