Talon Metals (TSE:TLO) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Talon Metals Corp. (TSE:TLO)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.76 and traded as low as C$5.26. Talon Metals shares last traded at C$5.31, with a volume of 251,884 shares traded.

Talon Metals Stock Down 2.9%

The company has a market capitalization of C$855.11 million, a P/E ratio of -321.70 and a beta of 2.31. The firm’s 50 day moving average price is C$6.22 and its two-hundred day moving average price is C$6.76. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08.

Talon Metals (TSE:TLO) last released its earnings results on Friday, May 15th. The mining company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$65.27 million during the quarter. Equities research analysts forecast that Talon Metals Corp. will post 0.01 EPS for the current year.

Insider Activity

In other Talon Metals news, Director John David Kaplan sold 7,809 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$5.85, for a total value of C$45,682.65. Following the transaction, the director directly owned 80,144 shares of the company’s stock, valued at C$468,842.40. This represents a 8.88% decrease in their position. Also, Director Gregory Stephen Kinross sold 81,100 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of C$6.30, for a total value of C$510,930.00. Following the transaction, the director owned 40,500 shares in the company, valued at approximately C$255,150. This trade represents a 66.69% decrease in their position. Insiders have sold 280,342 shares of company stock valued at $1,765,524 over the last ninety days. 18.55% of the stock is currently owned by company insiders.

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.