Talon Metals (TSE:TLO) Issues Quarterly Earnings Results

Talon Metals (TSE:TLO) announced its quarterly earnings data on Thursday. The mining company reported C$0.03 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$73.20 million during the quarter.

Talon Metals Price Performance

Shares of TSE:TLO traded down C$0.16 during midday trading on Thursday, hitting C$7.19. The company had a trading volume of 217,182 shares, compared to its average volume of 674,579. Talon Metals has a twelve month low of C$3.55 and a twelve month high of C$9.25. The stock has a market cap of C$1.16 billion, a price-to-earnings ratio of -435.60 and a beta of 2.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. The business’s 50-day simple moving average is C$5.80 and its 200-day simple moving average is C$6.70.

Insiders Place Their Bets

In other Talon Metals news, Director John David Kaplan sold 7,809 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was 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 directly owned 80,144 shares in the company, valued at C$468,842.40. This represents a 8.88% decrease in their position. Also, Director David Lee Deisley sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of C$6.34, for a total value of C$190,200.00. Following the completion of the sale, the director owned 30,000 shares of the company’s stock, valued at approximately C$190,200. The trade was a 50.00% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 280,342 shares of company stock valued at $1,765,524. Insiders own 18.55% of the company’s stock.

Analyst Ratings Changes

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

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.