Talon Metals (TSE:TLO) Stock Price Up 6.9%

Talon Metals Corp. (TSE:TLO)’s share price rose 6.9% during mid-day trading on Thursday . The company traded as high as C$0.16 and last traded at C$0.16. Approximately 171,553 shares traded hands during trading, a decline of 64% from the average daily volume of 481,784 shares. The stock had previously closed at C$0.15.

Wall Street Analyst Weigh In

TLO has been the topic of a number of recent analyst reports. Stifel Nicolaus set a C$0.50 target price on Talon Metals and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Stifel Canada reaffirmed a “buy” rating on shares of Talon Metals in a research report on Monday, March 25th.

Talon Metals Stock Up 10.3 %

The stock has a market capitalization of C$149.17 million, a price-to-earnings ratio of -55.00 and a beta of 1.18. The company has a quick ratio of 5.62, a current ratio of 3.27 and a debt-to-equity ratio of 502.49. The firm has a 50-day moving average of C$0.14 and a two-hundred day moving average of C$0.18.

Talon Metals Company Profile

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.