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Talon Metals (TSE:TLO) Shares Cross Below 50 Day Moving Average - What's Next?

Talon Metals logo with background

Talon Metals Corp. (TSE:TLO - Get Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.10 and traded as low as C$0.10. Talon Metals shares last traded at C$0.11, with a volume of 67,753 shares trading hands.

Talon Metals Trading Down 9.1 %

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 business has a 50 day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.13. The stock has a market cap of C$93.47 million, a price-to-earnings ratio of -55.00 and a beta of 1.13.

Insider Activity

In related news, insider Resource Capital Fund VI L.P. sold 483,000 shares of Talon Metals stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$0.09, for a total value of C$43,470.00. In the last three months, insiders sold 1,333,000 shares of company stock worth $118,220. 18.55% of the stock is currently owned by insiders.

About Talon Metals

(Get Free Report)

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.

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