Talon Metals (TSE:TLO) Shares Up 4.1%

Talon Metals Corp. (TSE:TLOGet Rating)’s stock price shot up 4.1% during mid-day trading on Thursday . The stock traded as high as C$0.51 and last traded at C$0.51. 524,680 shares traded hands during trading, an increase of 45% from the average session volume of 362,154 shares. The stock had previously closed at C$0.49.

Wall Street Analyst Weigh In

Separately, TD Securities increased their price objective on Talon Metals from C$0.80 to C$0.90 and gave the stock a “speculative buy” rating in a report on Thursday, October 20th.

Talon Metals Stock Down 2.0 %

The company has a quick ratio of 5.62, a current ratio of 5.79 and a debt-to-equity ratio of 502.49. The company has a market capitalization of C$416.88 million and a P/E ratio of -61.25. The firm has a 50-day moving average price of C$0.46 and a two-hundred day moving average price of C$0.49.

Insider Buying and Selling

In related news, insider Pallinghurst Nickel International Limited acquired 56,500 shares of the company’s stock in a transaction on Friday, December 9th. The stock was purchased at an average cost of C$0.45 per share, for a total transaction of C$25,323.30. Following the completion of the purchase, the insider now directly owns 143,153,907 shares of the company’s stock, valued at approximately C$64,161,581.12. Insiders bought a total of 1,011,000 shares of company stock valued at $469,139 over the last ninety days.

About Talon Metals

(Get Rating)

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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