Talon Metals (TSE:TLO) Reaches New 1-Year High – What’s Next?

Talon Metals Corp. (TSE:TLO)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$7.23 and last traded at C$7.00, with a volume of 487860 shares. The stock had previously closed at C$6.50.

Talon Metals Stock Up 8.8%

The firm has a 50-day moving average price of C$5.87 and a two-hundred day moving average price of C$4.68. The firm has a market cap of C$1.06 billion, a price-to-earnings ratio of -55.00 and a beta of 1.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81.

Insider Activity at Talon Metals

In related news, insider Mark Groulx sold 5,000 shares of Talon Metals stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of C$61.10, for a total transaction of C$305,500.00. Following the sale, the insider directly owned 950 shares in the company, valued at C$58,045. This trade represents a 84.03% decrease in their position. Also, Director Henri Van Rooyen sold 1,745 shares of the business’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of C$61.00, for a total transaction of C$106,445.00. Following the completion of the sale, the director directly owned 42,107 shares of the company’s stock, valued at approximately C$2,568,527. This trade represents a 3.98% decrease in their ownership of the stock. Insiders have sold a total of 324,775 shares of company stock valued at $3,671,470 in the last 90 days. 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.