Talon Metals (TSE:TLO) Director Jack Oliver Lundin Acquires 100,000 Shares

Talon Metals Corp. (TSE:TLO) Director Jack Oliver Lundin purchased 100,000 shares of Talon Metals stock in a transaction that occurred on Wednesday, September 16th. The stock was acquired at an average price of C$9.15 per share, for a total transaction of C$915,000.00. Following the transaction, the director directly owned 100,000 shares of the company’s stock, valued at C$915,000. The trade was a ∞ increase in their position.

Talon Metals Price Performance

Shares of TSE:TLO traded up C$0.62 on Thursday, reaching C$9.64. The company’s stock had a trading volume of 379,358 shares, compared to its average volume of 716,529. Talon Metals Corp. has a 52-week low of C$3.60 and a 52-week high of C$11.23. The company has a market cap of C$1.56 billion, a P/E ratio of 2,759.02 and a beta of 2.60. The company has a 50-day simple moving average of C$7.01 and a 200 day simple moving average of C$6.95. 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 (TSE:TLO) last announced its earnings results on Thursday, August 13th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The business had revenue of C$73.20 million for the quarter. During the same quarter last year, the company earned ($0.01) EPS. As a group, equities research analysts anticipate that Talon Metals Corp. will post 0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.