Talon Metals (TSE:TLO) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Talon Metals Corp. (TSE:TLO) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.43 and traded as high as C$0.50. Talon Metals shares last traded at C$0.49, with a volume of 3,088,866 shares.

Analyst Upgrades and Downgrades

Separately, TD Securities upped 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$0.48.

Talon Metals Price Performance

The company has a market cap of C$573.12 million, a price-to-earnings ratio of -55.00 and a beta of 0.87. The company’s 50 day moving average price is C$0.43 and its 200 day moving average price is C$0.35. The company has a current ratio of 2.81, a quick ratio of 5.62 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.