Talon Metals (TSE:TLO) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Talon Metals Corp. (TSE:TLO) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.09 and traded as high as C$0.10. Talon Metals shares last traded at C$0.10, with a volume of 363,186 shares changing hands.

Analysts Set New Price Targets

TLO has been the subject of several research reports. TD Securities cut their target price on Talon Metals from C$0.55 to C$0.30 and set a “buy” rating for the company in a research note on Monday, November 18th. Canaccord Genuity Group raised shares of Talon Metals to a “moderate buy” rating in a report on Wednesday, October 16th.

Talon Metals Trading Down 5.0 %

The stock has a fifty day moving average of C$0.09 and a 200 day moving average of C$0.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. The company has a market capitalization of C$88.80 million, a P/E ratio of -55.00 and a beta of 1.13.

Insider Activity at Talon Metals

In related news, insider Resource Capital Fund VI L.P. sold 350,000 shares of Talon Metals stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$0.09, for a total value of C$29,750.00. 18.55% of the stock is owned by corporate insiders.

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.