Talon Metals (TSE:TLO) Stock Price Down 8.5% – Here’s Why

Talon Metals Corp. (TSE:TLO)’s stock price dropped 8.5% during mid-day trading on Friday . The stock traded as low as C$6.61 and last traded at C$6.75. Approximately 415,519 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 758,632 shares. The stock had previously closed at C$7.38.

Talon Metals Price Performance

The business’s 50 day moving average price is C$7.59 and its 200-day moving average price is C$6.11. The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08. The company has a market cap of C$1.08 billion, a PE ratio of -140.00 and a beta of 2.25.

Talon Metals (TSE:TLO) last posted its earnings results on Saturday, March 28th. The mining company reported C($0.05) EPS for the quarter. As a group, analysts forecast that Talon Metals Corp. will post 0.01 earnings per share for the current year.

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.