Talon Metals (TSE:TLO) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Talon Metals Corp. (TSE:TLO) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$6.16 and traded as high as C$8.14. Talon Metals shares last traded at C$8.10, with a volume of 390,888 shares traded.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$8.00 price objective on shares of Talon Metals and gave the company an “outperform” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Talon Metals currently has an average rating of “Buy” and a consensus price target of C$8.00.

Talon Metals Price Performance

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 firm has a market cap of C$1.26 billion, a PE ratio of 2,223.81 and a beta of 2.35. The firm’s fifty day simple moving average is C$6.20 and its two-hundred day simple moving average is C$6.81.

Talon Metals (TSE:TLO) last released its quarterly earnings data on Thursday, August 13th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$73.20 million for the quarter. During the same quarter in the prior year, the firm posted ($0.01) EPS. As a group, research analysts expect that Talon Metals Corp. will post 0.01 EPS for the current year.

Insider Transactions at Talon Metals

In other Talon Metals news, Director John David Kaplan sold 7,809 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$5.85, for a total value of C$45,682.65. Following the completion of the sale, the director owned 80,144 shares of the company’s stock, valued at C$468,842.40. This trade represents a 8.88% decrease in their ownership of the stock. Insiders have sold a total of 12,330 shares of company stock valued at $72,091 over the last ninety days. 18.55% of the stock is owned by company 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.