Talon Metals (TSE:TLO) Sets New 12-Month High – Should You Buy?

Talon Metals Corp. (TSE:TLO)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$7.23 and last traded at C$7.00, with a volume of 487860 shares changing hands. The stock had previously closed at C$6.50.

Talon Metals Stock 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 50-day simple moving average of C$5.87 and a 200 day simple moving average of C$4.68. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of -55.00 and a beta of 1.50.

Insider Buying and Selling at Talon Metals

In other news, Director Henri Van Rooyen sold 1,745 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of C$61.00, for a total value of C$106,445.00. Following the completion of the sale, the director directly owned 42,107 shares of the company’s stock, valued at approximately C$2,568,527. This represents a 3.98% decrease in their ownership of the stock. Also, insider Mark Groulx sold 5,000 shares of the stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of C$61.10, for a total transaction of C$305,500.00. Following the sale, the insider owned 950 shares of the company’s stock, valued at C$58,045. This trade represents a 84.03% decrease in their position. In the last quarter, insiders sold 324,775 shares of company stock valued at $3,671,470. 18.55% of the stock is owned by insiders.

About Talon Metals

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.