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

Talon Metals Corp. (TSE:TLO) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.53 and traded as high as C$0.64. Talon Metals shares last traded at C$0.64, with a volume of 6,049,391 shares trading hands.

Talon Metals Trading Up 4.9%

The business’s fifty day simple moving average is C$0.53 and its two-hundred day simple moving average is C$0.43. 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 capitalization of C$946.08 million, a P/E ratio of -55.00 and a beta of 1.22.

Insiders Place Their Bets

In other Talon Metals news, insider Mark Groulx sold 500,000 shares of the firm’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of C$0.61, for a total transaction of C$305,000.00. Following the transaction, the insider owned 95,000 shares in the company, valued at approximately C$57,950. This trade represents a 84.03% decrease in their ownership of the stock. Also, Director Henri Van Rooyen sold 822,000 shares of the stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of C$0.62, for a total value of C$509,640.00. Following the sale, the director directly owned 4,385,249 shares of the company’s stock, valued at approximately C$2,718,854.38. The trade was a 15.79% decrease in their ownership of the stock. In the last 90 days, insiders have sold 2,452,500 shares of company stock valued at $1,532,485. 18.55% of the stock is currently owned by corporate 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.