Talon Metals (TSE:TLO) Stock Price Up 16.4% – Here’s Why

Shares of Talon Metals Corp. (TSE:TLO) rose 16.4% on Tuesday . The stock traded as high as C$0.43 and last traded at C$0.43. Approximately 4,536,168 shares changed hands during trading, an increase of 164% from the average daily volume of 1,720,104 shares. The stock had previously closed at C$0.37.

Wall Street Analysts Forecast Growth

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

Talon Metals Stock Down 9.3%

The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. The stock has a market capitalization of C$440.55 million, a P/E ratio of -55.00 and a beta of 0.56. The firm has a 50-day simple moving average of C$0.41 and a 200 day simple moving average of C$0.30.

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.