Talon Metals (TSE:TLO) Sets New 1-Year Low – Here’s What Happened

Shares of Talon Metals Corp. (TSE:TLO) hit a new 52-week low on Monday . The company traded as low as C$0.08 and last traded at C$0.08, with a volume of 124954 shares trading hands. The stock had previously closed at C$0.08.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus dropped their price objective on shares of Talon Metals from C$0.50 to C$0.45 and set a “buy” rating for the company in a report on Thursday, January 30th.

Talon Metals Stock Up 6.7 %

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 firm’s fifty day simple moving average is C$0.08 and its 200 day simple moving average is C$0.09. The company has a market cap of C$74.78 million, a price-to-earnings ratio of -55.00 and a beta of 1.13.

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.