Talon Metals (TSE:TLO) Reaches New 52-Week High – Should You Buy?

Talon Metals Corp. (TSE:TLO)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$0.65 and last traded at C$0.62, with a volume of 1067830 shares. The stock had previously closed at C$0.60.

Talon Metals Trading Down 3.2%

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 stock has a market capitalization of C$701.78 million, a P/E ratio of -55.00 and a beta of 1.22. The company has a fifty day simple moving average of C$0.46 and a two-hundred day simple moving average of C$0.40.

Insiders Place Their Bets

In other news, insider Mark Groulx sold 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of C$0.61, for a total value of C$305,000.00. Following the transaction, the insider owned 95,000 shares of the company’s stock, valued at approximately C$57,950. This represents a 84.03% decrease in their ownership of the stock. Also, Director Henri Van Rooyen sold 822,000 shares of Talon Metals stock in a transaction on Monday, December 29th. The stock was sold at an average price of C$0.62, for a total value of C$509,640.00. Following the sale, the director directly owned 4,385,249 shares of the company’s stock, valued at C$2,718,854.38. This represents a 15.79% decrease in their position. Over the last 90 days, insiders have sold 2,452,500 shares of company stock worth $1,532,485. 18.55% of the stock is owned by corporate insiders.

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.