Talon Metals (TSE:TLO) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Talon Metals Corp. (TSE:TLO)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$5.78 and traded as high as C$7.42. Talon Metals shares last traded at C$7.38, with a volume of 645,028 shares traded.

Analyst Ratings Changes

Separately, National Bank Financial set a C$8.00 target price on shares of Talon Metals and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$6.50.

Talon Metals Trading Down 2.2%

The business’s 50 day simple moving average is C$5.81 and its 200-day simple moving average is C$6.70. 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$1.16 billion, a P/E ratio of -435.60 and a beta of 2.35.

Talon Metals (TSE:TLO) last posted its quarterly earnings results on Thursday, August 13th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$73.20 million during the quarter. As a group, analysts forecast that Talon Metals Corp. will post 0.01 EPS for the current year.

Insider Buying and Selling at Talon Metals

In other news, Director John David Kaplan sold 7,809 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$5.85, for a total value of C$45,682.65. Following the completion of the sale, the director directly owned 80,144 shares of the company’s stock, valued at C$468,842.40. This represents a 8.88% decrease in their position. Also, Director Gregory Stephen Kinross sold 81,100 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of C$6.30, for a total transaction of C$510,930.00. Following the completion of the sale, the director owned 40,500 shares in the company, valued at C$255,150. This represents a 66.69% decrease in their ownership of the stock. Over the last quarter, insiders have sold 280,342 shares of company stock valued at $1,765,524. 18.55% of the stock is currently owned by company insiders.

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.