Talon Metals (TSE:TLO) Shares Cross Above 50 Day Moving Average of $0.14

Shares of Talon Metals Corp. (TSE:TLO) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.14 and traded as high as C$0.18. Talon Metals shares last traded at C$0.17, with a volume of 199,629 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TLO. Stifel Canada reaffirmed a “buy” rating on shares of Talon Metals in a research report on Monday, March 25th. Stifel Nicolaus set a C$0.50 price target on shares of Talon Metals and gave the company a “buy” rating in a research report on Tuesday, March 26th.

Talon Metals Trading Up 6.3 %

The business’s 50-day moving average price is C$0.14 and its 200 day moving average price is C$0.17. The company has a debt-to-equity ratio of 502.49, a current ratio of 3.27 and a quick ratio of 5.62. The firm has a market capitalization of C$158.49 million, a price-to-earnings ratio of -55.00 and a beta of 1.18.

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.