Talon Metals (TSE:TLO) Trading 16.9% Higher – Here’s Why

Talon Metals Corp. (TSE:TLO) traded up 16.9% during trading on Tuesday . The company traded as high as C$5.89 and last traded at C$5.88. Approximately 285,840 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 672,147 shares. The stock had previously closed at C$5.03.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$8.00 target price on 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 MarketBeat, Talon Metals has an average rating of “Buy” and an average target price of C$6.50.

Talon Metals Trading Up 6.4%

The stock has a market cap of C$1.07 billion, a price-to-earnings ratio of -401.67 and a beta of 2.35. The business has a 50-day simple moving average of C$5.77 and a two-hundred day simple moving average of C$6.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81.

Talon Metals (TSE:TLO) last announced its earnings results on Friday, May 15th. The mining company reported C$0.01 EPS for the quarter. The business had revenue of C$65.27 million for the quarter. As a group, research analysts forecast that Talon Metals Corp. will post 0.01 EPS for the current year.

Insider Activity at Talon Metals

In other Talon Metals news, Director John David Kaplan sold 7,809 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$5.85, for a total transaction of C$45,682.65. Following the transaction, the director owned 80,144 shares of the company’s stock, valued at C$468,842.40. The trade was a 8.88% decrease in their position. Also, Director Gregory Stephen Kinross sold 81,100 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of C$6.30, for a total value of C$510,930.00. Following the sale, the director owned 40,500 shares in the company, valued at approximately C$255,150. This represents a 66.69% decrease in their position. Over the last ninety days, insiders sold 280,342 shares of company stock valued at $1,765,524. Insiders own 18.55% of the company’s stock.

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.