Talon Metals (TSE:TLO) Shares Up 3.3% – Time to Buy?

Talon Metals Corp. (TSE:TLO) was up 3.3% during mid-day trading on Thursday . The company traded as high as C$0.16 and last traded at C$0.16. Approximately 864,278 shares traded hands during trading, an increase of 46% from the average daily volume of 593,959 shares. The stock had previously closed at C$0.15.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TLO shares. Stifel Nicolaus dropped their target price on Talon Metals from C$0.50 to C$0.45 and set a “buy” rating on the stock in a research report on Thursday, January 30th. TD Securities dropped their target price on Talon Metals from C$0.25 to C$0.20 and set a “buy” rating on the stock in a research report on Monday, March 31st.

Talon Metals Stock Up 17.6%

The firm has a market capitalization of C$186.94 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The stock has a 50 day moving average of C$0.11 and a 200 day moving average of C$0.09. The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08.

About Talon Metals

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.