Talon Metals (TSE:TLO) Trading Up 10.3% – Still a Buy?

Talon Metals Corp. (TSE:TLO) shares shot up 10.3% during trading on Tuesday . The company traded as high as C$0.43 and last traded at C$0.40. 7,171,057 shares changed hands during trading, an increase of 313% from the average session volume of 1,738,289 shares. The stock had previously closed at C$0.37.

Wall Street Analysts Forecast Growth

Separately, TD Securities boosted their target price 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Talon Metals currently has an average rating of “Buy” and a consensus target price of C$0.48.

Talon Metals Stock Down 9.3%

The company has a market cap of C$440.55 million, a PE ratio of -55.00 and a beta of 0.56. The stock’s 50 day moving average price is C$0.41 and its 200-day moving average price is C$0.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81.

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.