Talon Metals (TSE:TLO) Stock Price Up 28.6% – Time to Buy?

Shares of Talon Metals Corp. (TSE:TLO) shot up 28.6% during mid-day trading on Monday . The company traded as high as C$0.15 and last traded at C$0.14. 5,254,911 shares changed hands during mid-day trading, an increase of 920% from the average session volume of 515,142 shares. The stock had previously closed at C$0.11.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TLO. TD Securities decreased their price objective on Talon Metals from C$0.25 to C$0.20 and set a “buy” rating for the company in a report on Monday, March 31st. Stifel Nicolaus decreased their price target on Talon Metals from C$0.50 to C$0.45 and set a “buy” rating for the company in a research note on Thursday, January 30th.

Talon Metals Trading Up 28.6%

The business has a 50 day simple moving average of C$0.10 and a 200-day simple moving average of C$0.09. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. The stock has a market capitalization of C$126.19 million, a P/E ratio of -55.00 and a beta of 1.13.

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.