Insider Selling: Talon Metals (TSE:TLO) Insider Sells 400,000 Shares of Stock

Talon Metals Corp. (TSE:TLO) insider Mark Groulx sold 400,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of C$0.60, for a total value of C$240,000.00. Following the sale, the insider owned 95,000 shares in the company, valued at approximately C$57,000. This represents a 80.81% decrease in their ownership of the stock.

Mark Groulx also recently made the following trade(s):

• On Wednesday, December 24th, Mark Groulx sold 100,000 shares of Talon Metals stock. The stock was sold at an average price of C$0.63, for a total transaction of C$63,000.00.
• On Tuesday, December 30th, Mark Groulx sold 500,000 shares of Talon Metals stock. The stock was sold at an average price of C$0.61, for a total transaction of C$305,000.00.

Talon Metals Price Performance

TSE:TLO remained flat at C$0.64 during trading hours on Friday. The company had a trading volume of 6,011,251 shares, compared to its average volume of 4,495,141. Talon Metals Corp. has a 12 month low of C$0.08 and a 12 month high of C$0.70. The company has a 50 day moving average of C$0.53 and a two-hundred day moving average of C$0.43. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08. The company has a market cap of C$946.08 million, a price-to-earnings ratio of -55.00 and a beta of 1.22.

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.