Talon Metals (TSE:TLO) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Talon Metals Corp. (TSE:TLO)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.70 and traded as low as C$5.04. Talon Metals shares last traded at C$5.05, with a volume of 263,952 shares.

Analyst Upgrades and Downgrades

Separately, National Bank Financial set a C$8.00 target price on shares of Talon Metals and gave the company an “outperform” rating in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$6.50.

Talon Metals Price Performance

The company has a fifty day moving average of C$5.84 and a 200-day moving average of C$6.69. 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 stock has a market cap of C$810.02 million, a PE ratio of -304.74 and a beta of 2.31.

Talon Metals (TSE:TLO) last announced its earnings results on Friday, May 15th. The mining company reported C$0.01 EPS for the quarter. The firm had revenue of C$65.27 million for the quarter. Sell-side analysts expect that Talon Metals Corp. will post 0.01 EPS for the current fiscal year.

Insider Activity

In related news, Director David Lee Deisley sold 30,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director directly 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 John David Kaplan sold 7,809 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$5.85, for a total transaction of C$45,682.65. Following the sale, the director directly owned 80,144 shares in the company, valued at approximately C$468,842.40. The trade was a 8.88% decrease in their ownership of the stock. Over the last quarter, insiders sold 280,342 shares of company stock valued at $1,765,524. 18.55% of the stock is currently 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.