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

Talon Metals Corp. (TSE:TLO)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-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 traded.

Analysts Set New Price Targets

Several brokerages have issued reports on TLO. Stifel Canada reissued a “buy” rating on shares of Talon Metals in a research report on Monday, March 25th. Stifel Nicolaus set a C$0.50 price objective on shares of Talon Metals and gave the stock a “buy” rating in a research report on Tuesday, March 26th.

Talon Metals Price Performance

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

Talon Metals Company Profile

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.