Insider Selling: Talon Metals (TSE:TLO) Director Sells 30,000 Shares of Stock

Talon Metals Corp. (TSE:TLO) Director David Lee Deisley sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of C$6.34, for a total transaction of C$190,200.00. Following the transaction, the director owned 30,000 shares of the company’s stock, valued at approximately C$190,200. This trade represents a 50.00% decrease in their position.

David Lee Deisley also recently made the following trade(s):

• On Friday, May 22nd, David Lee Deisley sold 10,000 shares of Talon Metals stock. The stock was sold at an average price of C$6.50, for a total transaction of C$65,000.00.

Talon Metals Price Performance

Shares of TLO traded up C$0.04 during mid-day trading on Wednesday, hitting C$6.44. 279,410 shares of the company were exchanged, compared to its average volume of 753,554. Talon Metals Corp. has a 1-year low of C$1.90 and a 1-year high of C$9.25. 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 company has a 50 day moving average of C$7.15 and a 200-day moving average of C$6.41. The stock has a market cap of C$1.04 billion, a price-to-earnings ratio of -390.16 and a beta of 2.32.

Talon Metals (TSE:TLO) last released its quarterly earnings results on Friday, May 15th. The mining company reported C$0.01 earnings per share for the quarter. The company had revenue of C$65.27 million for the quarter. Analysts expect that Talon Metals Corp. will post 0.01 EPS for the current fiscal year.

More Talon Metals News

Here are the key news stories impacting Talon Metals this week:

• Negative Sentiment: Director Gregory Stephen Kinross made several large share sales, including a 50,100-share sale and an 81,100-share sale, materially cutting his ownership. Heavy insider selling can be viewed as a negative signal for investors. Article Title
• Negative Sentiment: Additional reports showed Kinross also sold 10,000 shares in another recent transaction, reinforcing the pattern of insider selling that may be weighing on the stock. Article Title
• Neutral Sentiment: The company’s latest quarterly results were roughly in line with expectations, with C$0.01 EPS on revenue of C$65.27 million, so fundamentals were not the main driver of the move.
• Neutral Sentiment: Talon Metals’ balance sheet remains relatively strong, with low debt and solid liquidity, which may help support the shares if investor concern over insider sales eases.

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.