Talon Metals (TSE:TLO) Trading Up 9.6% – Time to Buy?

Talon Metals Corp. (TSE:TLO)’s share price rose 9.6% during trading on Tuesday . The company traded as high as C$0.43 and last traded at C$0.40. Approximately 6,527,694 shares changed hands during mid-day trading, an increase of 276% from the average daily volume of 1,736,656 shares. The stock had previously closed at C$0.37.

Wall Street Analysts Forecast Growth

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

Talon Metals Stock Performance

The company has a market capitalization of C$457.50 million, a price-to-earnings ratio of -55.00 and a beta of 0.58. The stock’s 50 day moving average price is C$0.41 and its 200 day moving average price is C$0.30. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08.

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.