Talon Metals (TSE:TLO) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Talon Metals Corp. (TSE:TLO)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$5.67 and traded as high as C$6.57. Talon Metals shares last traded at C$6.51, with a volume of 634,133 shares trading hands.

Talon Metals Trading Up 10.5%

The firm has a fifty day moving average of C$5.67 and a 200-day moving average of C$4.56. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. The stock has a market capitalization of C$973.17 million, a price-to-earnings ratio of -55.00 and a beta of 1.50.

Insider Activity

In related news, Director Henri Van Rooyen sold 1,745 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of C$61.00, for a total transaction of C$106,445.00. Following the transaction, the director directly owned 42,107 shares of the company’s stock, valued at approximately C$2,568,527. The trade was a 3.98% decrease in their position. Also, insider Mark Groulx sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of C$61.10, for a total transaction of C$305,500.00. Following the completion of the sale, the insider directly owned 950 shares of the company’s stock, valued at C$58,045. This trade represents a 84.03% decrease in their position. Over the last quarter, insiders have sold 324,775 shares of company stock worth $3,671,470. Company insiders own 18.55% of the company’s stock.

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.