Insider Buying: Talon Metals Corp. (TSE:TLO) Director Acquires C$13,500.00 in Stock

Talon Metals Corp. (TSE:TLO) Director Warren Eric Newfield purchased 100,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of C$0.14 per share, with a total value of C$13,500.00.

Warren Eric Newfield also recently made the following trade(s):

• On Tuesday, April 9th, Warren Eric Newfield acquired 50,000 shares of Talon Metals stock. The shares were bought at an average price of C$0.13 per share, for a total transaction of C$6,500.00.

Talon Metals Trading Up 14.3 %

Shares of TLO stock opened at C$0.16 on Friday. The stock has a 50-day simple moving average of C$0.14 and a 200 day simple moving average of C$0.18. The stock has a market capitalization of C$149.17 million, a P/E ratio of -55.00 and a beta of 1.18. Talon Metals Corp. has a fifty-two week low of C$0.12 and a fifty-two week high of C$0.39. The company has a quick ratio of 5.62, a current ratio of 3.27 and a debt-to-equity ratio of 502.49.

Analyst Upgrades and Downgrades

A number of research firms have commented on TLO. Stifel Nicolaus set a C$0.50 price target on shares of Talon Metals and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Stifel Canada reissued a “buy” rating on shares of Talon Metals in a report on Monday, March 25th.

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.