Talon Metals (TSE:TLO) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Talon Metals Corp. (TSE:TLO) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.09 and traded as high as C$0.09. Talon Metals shares last traded at C$0.09, with a volume of 831,747 shares.

Analyst Ratings Changes

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

Talon Metals Price Performance

The company’s 50 day moving average price is C$0.09 and its two-hundred day moving average price is C$0.10. 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 firm has a market cap of C$74.78 million, a PE ratio of -55.00 and a beta of 1.13.

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.