Talon Metals (TSE:TLO) Trading 46.1% Higher – Still a Buy?

Talon Metals Corp. (TSE:TLO) rose 46.1% during trading on Thursday . The company traded as high as C$0.33 and last traded at C$0.28. Approximately 6,506,339 shares traded hands during trading, an increase of 718% from the average daily volume of 795,083 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

Separately, TD Securities decreased their price objective on shares of Talon Metals from C$0.25 to C$0.20 and set a “buy” rating for the company in a report on Monday, March 31st.

Talon Metals Trading Down 1.9%

The company has a market cap of C$243.03 million, a P/E ratio of -55.00 and a beta of 1.13. The business has a fifty day simple moving average of C$0.13 and a 200 day simple moving average of C$0.10. 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.