Talon Metals (TSE:TLO) Trading 10.3% Higher – Here’s What Happened

Talon Metals Corp. (TSE:TLOGet Free Report)’s share price rose 10.3% on Tuesday . The stock traded as high as C$0.43 and last traded at C$0.40. Approximately 7,171,057 shares changed hands during mid-day trading, an increase of 313% from the average daily volume of 1,738,289 shares. The stock had previously closed at C$0.37.

Wall Street Analysts Forecast Growth

Separately, TD Securities boosted their price target on shares of Talon Metals from C$0.35 to C$0.50 and gave the stock a “buy” rating in a research report on Monday, August 18th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Talon Metals currently has a consensus rating of “Buy” and an average price target of C$0.48.

View Our Latest Stock Analysis on TLO

Talon Metals Trading Up 11.0%

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 firm has a market cap of C$457.50 million, a PE ratio of -55.00 and a beta of 0.58. The company’s 50-day moving average is C$0.41 and its 200 day moving average is C$0.30.

Talon Metals Company Profile

(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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