Talon Metals (TSE:TLO) Shares Up 13.7% – Here’s Why

Shares of Talon Metals Corp. (TSE:TLO) were up 13.7% on Tuesday . The company traded as high as C$0.43 and last traded at C$0.42. Approximately 2,914,273 shares traded hands during trading, an increase of 70% from the average daily volume of 1,711,057 shares. The stock had previously closed at C$0.37.

Wall Street Analyst Weigh In

Separately, TD Securities upped their price objective on shares of Talon Metals from C$0.35 to C$0.50 and gave the company a “buy” rating in a report on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$0.48.

Talon Metals Price Performance

The firm’s fifty day moving average price is C$0.42 and its 200 day moving average price is C$0.30. The firm has a market capitalization of C$440.55 million, a PE ratio of -55.00 and a beta of 0.56. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08.

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.