Talon Metals (TSE:TLO) Shares Cross Below 200-Day Moving Average – Here’s What Happened

by · The Markets Daily

Shares of Talon Metals Corp. (TSE:TLO – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.10 and traded as low as C$0.09. Talon Metals shares last traded at C$0.09, with a volume of 93,825 shares traded.

Wall Street Analysts Forecast Growth

TLO has been the topic of a number of recent research reports. TD Securities decreased their price objective on Talon Metals from C$0.55 to C$0.30 and set a “buy” rating on the stock in a research report on Monday, November 18th. Canaccord Genuity Group raised shares of Talon Metals to a “moderate buy” rating in a research note on Wednesday, October 16th.

Check Out Our Latest Stock Analysis on Talon Metals

Talon Metals Stock Up 5.9 %

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 cap of C$84.12 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The firm has a 50 day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.10.

Talon Metals Company Profile

(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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