Gregory Stephen Kinross Sells 50,100 Shares of Talon Metals (TSE:TLO) Stock

Talon Metals Corp. (TSE:TLO) Director Gregory Stephen Kinross sold 50,100 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of C$6.30, for a total transaction of C$315,630.00. Following the transaction, the director owned 500 shares of the company’s stock, valued at approximately C$3,150. This represents a 99.01% decrease in their ownership of the stock.

Gregory Stephen Kinross also recently made the following trade(s):

• On Thursday, May 21st, Gregory Stephen Kinross sold 8,712 shares of Talon Metals stock. The shares were sold at an average price of C$6.30, for a total transaction of C$54,885.60.
• On Thursday, May 21st, Gregory Stephen Kinross sold 1,200 shares of Talon Metals stock. The shares were sold at an average price of C$6.31, for a total transaction of C$7,572.00.
• On Thursday, May 21st, Gregory Stephen Kinross sold 41,600 shares of Talon Metals stock. The shares were sold at an average price of C$6.31, for a total transaction of C$262,496.00.
• On Thursday, May 21st, Gregory Stephen Kinross sold 18,100 shares of Talon Metals stock. The shares were sold at an average price of C$6.32, for a total transaction of C$114,392.00.
• On Thursday, May 21st, Gregory Stephen Kinross sold 10,500 shares of Talon Metals stock. The shares were sold at an average price of C$6.32, for a total transaction of C$66,360.00.
• On Thursday, May 21st, Gregory Stephen Kinross sold 1,300 shares of Talon Metals stock. The shares were sold at an average price of C$6.33, for a total transaction of C$8,229.00.
• On Thursday, May 21st, Gregory Stephen Kinross sold 5,200 shares of Talon Metals stock. The shares were sold at an average price of C$6.34, for a total transaction of C$32,968.00.
• On Thursday, May 21st, Gregory Stephen Kinross sold 4,700 shares of Talon Metals stock. The stock was sold at an average price of C$6.35, for a total transaction of C$29,845.00.
• On Thursday, May 21st, Gregory Stephen Kinross sold 2,100 shares of Talon Metals stock. The stock was sold at an average price of C$6.36, for a total transaction of C$13,356.00.
• On Thursday, May 21st, Gregory Stephen Kinross sold 81,100 shares of Talon Metals stock. The stock was sold at an average price of C$6.30, for a total transaction of C$510,930.00.

Talon Metals Stock Down 0.2%

Shares of TSE:TLO opened at C$6.39 on Thursday. The company has a fifty day moving average of C$7.12 and a 200-day moving average of C$6.42. The company has a market capitalization of C$1.03 billion, a PE ratio of -387.13 and a beta of 2.32. 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 Corp. has a 52-week low of C$1.90 and a 52-week high of C$9.25.

Talon Metals (TSE:TLO) last announced its quarterly earnings results on Friday, May 15th. The mining company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$65.27 million for the quarter. On average, equities analysts predict that Talon Metals Corp. will post 0.01 EPS for the current fiscal year.

Key Headlines Impacting Talon Metals

Here are the key news stories impacting Talon Metals this week:

• Negative Sentiment: Director Gregory Stephen Kinross disclosed multiple share sales, including a large disposal of 50,100 shares at about C$6.30, and earlier transactions totaling far more. The size and frequency of these sales may be viewed as a sign of reduced insider confidence.
• Negative Sentiment: Director David Lee Deisley also sold 30,000 shares at C$6.34, adding to the insider-selling trend and reinforcing a bearish read-through for the stock. Article Title
• Neutral Sentiment: The company’s latest quarterly results were roughly in line with expectations, with C$0.01 EPS on revenue of C$65.27 million, so fundamentals do not appear to be the main near-term catalyst. Article Title
• Neutral Sentiment: Talon Metals still has a relatively strong balance sheet, with low debt and solid liquidity, which may help support the stock if selling pressure from insider trades eases. Article Title

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.