Talon Metals (TSE:TLO) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of Talon Metals Corp. (TSE:TLO) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.76 and traded as low as C$5.26. Talon Metals shares last traded at C$5.31, with a volume of 251,884 shares.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$8.00 price target on shares of Talon Metals and gave the company an “outperform” rating in a report on Tuesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Talon Metals presently has a consensus rating of “Buy” and a consensus price target of C$6.50.

Talon Metals Trading Down 3.3%

The company has a market capitalization of C$934.02 million, a P/E ratio of -351.39 and a beta of 2.31. The stock’s 50 day moving average is C$6.17 and its 200-day moving average is C$6.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62.

Talon Metals (TSE:TLO) last announced its earnings results on Friday, May 15th. The mining company reported C$0.01 earnings per share for the quarter. The business had revenue of C$65.27 million for the quarter. As a group, equities research analysts anticipate that Talon Metals Corp. will post 0.01 earnings per share for the current year.

Insider Buying and Selling at Talon Metals

In other news, Director David Lee Deisley sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$6.34, for a total transaction of C$190,200.00. Following the completion of the sale, the director owned 30,000 shares of the company’s stock, valued at C$190,200. This represents a 50.00% decrease in their position. Also, Director Gregory Stephen Kinross sold 50,100 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of C$6.30, for a total value of C$315,630.00. Following the completion of the transaction, the director directly owned 500 shares in the company, valued at approximately C$3,150. This represents a 99.01% decrease in their ownership of the stock. In the last ninety days, insiders sold 280,342 shares of company stock worth $1,765,524. Insiders own 18.55% of the company’s stock.

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.