Talon Metals (TSE:TLO) Trading Up 10.3% – Here’s What Happened

Shares of Talon Metals Corp. (TSE:TLO) shot up 10.3% during mid-day trading on Tuesday . The company traded as high as C$0.43 and last traded at C$0.40. 7,171,057 shares changed hands during mid-day trading, an increase of 313% from the average session volume of 1,738,289 shares. The stock had previously closed at C$0.37.

Wall Street Analyst Weigh In

Separately, TD Securities upped their price target on shares of Talon Metals from C$0.35 to C$0.50 and gave the stock a “buy” rating in a research note on Monday, August 18th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Talon Metals currently has a consensus rating of “Buy” and a consensus target price of C$0.48.

Talon Metals Trading Up 11.0%

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 company has a fifty day moving average of C$0.41 and a two-hundred day moving average of C$0.30. The stock has a market capitalization of C$457.50 million, a price-to-earnings ratio of -55.00 and a beta of 0.58.

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.