Talon Metals (TSE:TLO) Stock Passes Above Fifty Day Moving Average – Here’s Why

by · The Markets Daily

Talon Metals Corp. (TSE:TLO – Get Free Report)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.42 and traded as high as C$0.44. Talon Metals shares last traded at C$0.44, with a volume of 684,075 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted their price objective on Talon Metals from C$0.35 to C$0.50 and gave the company a “buy” rating in a report on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Talon Metals currently has an average rating of “Buy” and a consensus target price of C$0.48.

Check Out Our Latest Report on Talon Metals

Talon Metals Price Performance

The company has a market cap of C$561.42 million, a PE ratio of -55.00 and a beta of 0.56. 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 50 day simple moving average of C$0.42 and a 200-day simple moving average of C$0.34.

About Talon Metals

(Get Free Report)

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.

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