Talon Metals (TSE:TLO) Director Purchases 100,000 Shares of Stock

Talon Metals Corp. (TSE:TLO) Director Jack Oliver Lundin purchased 100,000 shares of Talon Metals stock in a transaction on Wednesday, September 16th. The stock was bought at an average price of C$9.15 per share, with a total value of C$915,000.00. Following the transaction, the director owned 100,000 shares of the company’s stock, valued at approximately C$915,000. This represents a ∞ increase in their ownership of the stock.

Talon Metals Stock Performance

Shares of TLO stock traded up C$0.62 during trading hours on Thursday, reaching C$9.64. 379,358 shares of the company traded hands, compared to its average volume of 716,529. The firm has a 50-day moving average price of C$7.01 and a 200 day moving average price of C$6.95. 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 debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. Talon Metals Corp. has a 12-month low of C$3.60 and a 12-month high of C$11.23.

Talon Metals (TSE:TLO) last issued its quarterly earnings results on Thursday, August 13th. The mining company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$73.20 million for the quarter. During the same quarter in the prior year, the company earned ($0.01) earnings per share. As a group, sell-side analysts predict that Talon Metals Corp. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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