Canaccord Genuity Group upgraded shares of Talon Metals (TSE:TLO - Free Report) to a moderate buy rating in a report published on Wednesday morning, Zacks.com reports.
Talon Metals Stock Up 5.3 %
TLO stock traded up C$0.01 during midday trading on Wednesday, hitting C$0.10. The company's stock had a trading volume of 82,348 shares, compared to its average volume of 419,433. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. Talon Metals has a twelve month low of C$0.08 and a twelve month high of C$0.26. The company's fifty day moving average price is C$0.10 and its 200 day moving average price is C$0.13. The stock has a market capitalization of C$93.47 million, a P/E ratio of -55.00 and a beta of 1.13.
Insider Buying and Selling
In related news, insider Resource Capital Fund VI L.P. sold 500,000 shares of Talon Metals stock in a transaction dated Friday, September 6th. The shares were sold at an average price of C$0.09, for a total transaction of C$45,000.00. In the last 90 days, insiders sold 1,333,000 shares of company stock valued at $118,220. Company insiders own 18.55% of the company's stock.
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.
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