Talon Metals (TSE:TLO) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Shares of Talon Metals Corp. (TSE:TLO - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.08 and traded as high as C$0.08. Talon Metals shares last traded at C$0.08, with a volume of 224,000 shares traded.

Analysts Set New Price Targets

TLO has been the topic of several research reports. Stifel Nicolaus lowered their price objective on shares of Talon Metals from C$0.50 to C$0.45 and set a "buy" rating on the stock in a research report on Thursday, January 30th. TD Securities lowered their price objective on shares of Talon Metals from C$0.55 to C$0.30 and set a "buy" rating on the stock in a research report on Monday, November 18th.

Talon Metals Price Performance

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