Talon Metals (TSE:TLO) Upgraded by Canaccord Genuity Group to Moderate Buy

Talon Metals (TSE:TLO) was upgraded by stock analysts at Canaccord Genuity Group to a “moderate buy” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

Talon Metals Price Performance

Shares of TSE:TLO opened at C$0.10 on Wednesday. The company has a 50-day moving average price of C$0.10 and a two-hundred day moving average price of C$0.13. Talon Metals has a twelve month low of C$0.08 and a twelve month high of C$0.26. The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of C$88.80 million, a PE ratio of -55.00 and a beta of 1.13.

Insiders Place Their Bets

In other news, insider Resource Capital Fund VI L.P. sold 350,000 shares of Talon Metals stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$0.09, for a total value of C$29,750.00. Insiders have sold a total of 1,333,000 shares of company stock worth $118,220 over the last 90 days. Corporate insiders own 18.55% of the company’s stock.

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.