Talon Metals (TSE:TLO) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Shares of Talon Metals Corp. (TSE:TLO) 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 Ratings Changes

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

Talon Metals Trading Up 1.2%

The stock has a fifty day simple moving average of C$0.42 and a 200 day simple moving average of C$0.33. The firm has a market capitalization of C$508.79 million, a P/E 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.

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.