Talon Metals (OTCMKTS:TLOFF) Shares Down 1.1% – Should You Sell?

Talon Metals Corp. (OTCMKTS:TLOFF) shares traded down 1.1% during mid-day trading on Monday. The company traded as low as $6.28 and last traded at $6.49. Approximately 283,864 shares were traded during mid-day trading, an increase of 4% from the average session volume of 273,580 shares. The stock had previously closed at $6.5645.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. National Bank Financial reiterated an “outperform” rating on shares of Talon Metals in a report on Thursday, September 10th. TD Securities reissued a “buy” rating on shares of Talon Metals in a research note on Monday, August 17th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Talon Metals Price Performance

The business’s 50-day simple moving average is $5.55 and its 200-day simple moving average is $5.05.

Institutional Trading of Talon Metals

A hedge fund recently raised its position in Talon Metals stock. Harraden Circle Investments LLC grew its position in Talon Metals Corp. (OTCMKTS:TLOFF) by 15.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,042,732 shares of the company’s stock after purchasing an additional 142,733 shares during the period. Harraden Circle Investments LLC’s holdings in Talon Metals were worth $10,751,000 at the end of the most recent quarter.

About Talon Metals

Talon Metals Corp. is a Canadian mineral exploration and development company focused on nickel, copper and cobalt resources used in electric-vehicle batteries and other industrial applications. The company’s primary asset is the Tamarack Nickel-Copper-Cobalt Project in Minnesota, which it operates through a joint venture with Rio Tinto.

Talon is advancing the Tamarack project through exploration, resource definition, permitting and feasibility-related work. The company has also pursued plans to establish a U.S.-based processing facility to produce battery materials from responsibly sourced nickel concentrate, subject to regulatory approvals and project development decisions.

In addition to its Minnesota operations, Talon has maintained exploration interests in North America, including projects in Canada.