Talon Metals (TSE:TLO) Shares Up 13.7% – Here’s What Happened

Talon Metals Corp. (TSE:TLO) shares rose 13.7% on Tuesday . The stock traded as high as C$0.43 and last traded at C$0.42. Approximately 2,914,273 shares were traded during mid-day trading, an increase of 70% from the average daily volume of 1,711,057 shares. The stock had previously closed at C$0.37.

Wall Street Analyst Weigh In

Separately, TD Securities increased their price objective on shares of Talon Metals from C$0.35 to C$0.50 and gave the company a “buy” rating in a research report on Monday, August 18th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$0.48.

Talon Metals Trading Up 15.1%

The firm has a market capitalization of C$474.44 million, a P/E ratio of -55.00 and a beta of 0.58. The business’s 50-day moving average is C$0.41 and its 200 day moving average is C$0.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62.

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.