Talon Metals (TSE:TLO) Stock Falls 14.8% – Here’s Why

Talon Metals Corp. (TSE:TLO) shares traded down 14.8% during mid-day trading on Thursday. The company traded as low as C$5.90 and last traded at C$6.00. Approximately 1,859,729 shares changed hands during mid-day trading, an increase of 177% from the average session volume of 671,762 shares. The stock had previously closed at C$7.04.

Talon Metals Price Performance

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 stock has a fifty day simple moving average of C$8.50 and a 200-day simple moving average of C$7.23. The stock has a market cap of C$978.37 million, a price-to-earnings ratio of 1,717.23 and a beta of 2.15.

Talon Metals (TSE:TLO) last announced its quarterly earnings data on Thursday, August 13th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$73.20 million during the quarter. During the same quarter last year, the firm posted ($0.01) EPS. As a group, equities research analysts expect that Talon Metals Corp. will post 0.01 EPS for the current year.

Insider Activity

In related news, Director Jack Oliver Lundin acquired 100,000 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were bought at an average price of C$9.15 per share, for a total transaction of C$915,000.00. Following the acquisition, the director owned 100,000 shares in the company, valued at C$915,000. This trade represents a ∞ increase in their position. Also, Director Frank David Wheatley sold 20,000 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of C$8.04, for a total transaction of C$160,800.00. In the last 90 days, insiders have bought 126,200 shares of company stock worth $1,125,910. Insiders own 18.55% of the company’s stock.

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.