Talon Metals (TSE:TLO) Trading 17.6% Higher – Here’s Why

Shares of Talon Metals Corp. (TSE:TLO) traded up 17.6% during trading on Thursday . The company traded as high as C$0.10 and last traded at C$0.10. 1,648,437 shares changed hands during trading, an increase of 276% from the average session volume of 438,003 shares. The stock had previously closed at C$0.09.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reduced their target price on Talon Metals from C$0.50 to C$0.45 and set a “buy” rating for the company in a report on Thursday, January 30th.

Talon Metals Stock Up 14.3 %

The stock has a market cap of C$112.17 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. 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 business’s fifty day moving average is C$0.08 and its two-hundred day moving average is C$0.09.

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.