Talon Metals (TSE:TLO) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Talon Metals Corp. (TSE:TLO) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$6.41 and traded as high as C$7.66. Talon Metals shares last traded at C$7.62, with a volume of 680,495 shares.

Analyst Upgrades and Downgrades

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 research report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$8.00.

Talon Metals Price Performance

The company has a market cap of C$1.23 billion, a price-to-earnings ratio of 2,180.88 and a beta of 2.60. The company has a fifty day simple moving average of C$6.41 and a two-hundred day simple moving average of C$6.84. The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08.

Talon Metals (TSE:TLO) last released its quarterly earnings results on Thursday, August 13th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$73.20 million for the quarter. During the same period in the previous year, the business earned ($0.01) earnings per share. On average, equities research analysts anticipate that Talon Metals Corp. will post 0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Talon Metals news, Director John David Kaplan sold 7,809 shares of Talon Metals stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$5.85, for a total transaction of C$45,682.65. Following the completion of the transaction, the director 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. In the last ninety days, insiders have sold 12,330 shares of company stock worth $72,091. Company 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.