Talon Metals (TSE:TLO) Trading Down 6.6% – What’s Next?

by · The Markets Daily

Talon Metals Corp. (TSE:TLO – Get Free Report) dropped 6.6% on Tuesday . The stock traded as low as C$0.57 and last traded at C$0.57. Approximately 5,916,914 shares changed hands during mid-day trading, an increase of 200% from the average daily volume of 1,971,355 shares. The stock had previously closed at C$0.61.

Talon Metals Stock Down 1.6%

The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. The stock has a market capitalization of C$701.78 million, a PE ratio of -55.00 and a beta of 0.87. The company has a 50 day moving average price of C$0.44 and a 200-day moving average price of C$0.37.

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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