Talon Metals Corp. (TSE:TLO - Get Free Report)'s share price was up 11.1% during mid-day trading on Thursday . The company traded as high as C$0.11 and last traded at C$0.10. Approximately 1,314,946 shares traded hands during trading, an increase of 214% from the average daily volume of 419,384 shares. The stock had previously closed at C$0.09.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group raised shares of Talon Metals to a "moderate buy" rating in a research note on Wednesday, October 16th.
View Our Latest Research Report on TLO
Talon Metals Trading Up 8.3 %
The firm has a market cap of C$91.14 million, a PE ratio of -55.00 and a beta of 1.13. 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 company's 50 day moving average price is C$0.09 and its two-hundred day moving average price is C$0.13.
Insider Activity
In other news, insider Resource Capital Fund VI L.P. sold 500,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of C$0.09, for a total value of C$45,000.00. Over the last quarter, insiders have sold 1,333,000 shares of company stock valued at $118,220. 18.55% of the stock is currently owned by company insiders.
Talon Metals Company Profile
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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.
Further Reading
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