Talon Metals (TSE:TLO) Upgraded to Moderate Buy by Canaccord Genuity Group

Talon Metals (TSE:TLO) was upgraded by equities researchers at Canaccord Genuity Group to a “moderate buy” rating in a report released on Wednesday, Zacks.com reports.

Talon Metals Stock Down 5.0 %

Shares of TSE TLO opened at C$0.10 on Wednesday. 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 business has a 50-day moving average of C$0.10 and a 200-day moving average of C$0.13. The firm has a market capitalization of C$88.80 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. Talon Metals has a 12 month low of C$0.08 and a 12 month high of C$0.26.

Insider Transactions at Talon Metals

In other Talon Metals news, insider Resource Capital Fund VI L.P. sold 500,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of C$0.09, for a total transaction of C$45,000.00. Insiders have sold 1,333,000 shares of company stock valued at $118,220 in the last quarter. Insiders own 18.55% of the company’s stock.

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.