Talon Metals (TSE:TLO) Rating Increased to Moderate Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Talon Metals (TSE:TLO) to a moderate buy rating in a report issued on Wednesday, Zacks.com reports.

Talon Metals Price Performance

Shares of TSE:TLO opened at C$0.10 on Wednesday. The stock has a market capitalization of C$93.47 million, a P/E ratio of -55.00 and a beta of 1.13. The stock’s 50-day moving average price is C$0.10 and its 200-day moving average price is C$0.13. 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 has a 12-month low of C$0.08 and a 12-month high of C$0.26.

Insider Buying and Selling

In related news, insider Resource Capital Fund VI L.P. sold 350,000 shares of Talon Metals stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$0.09, for a total value of C$29,750.00. Insiders have sold a total of 1,333,000 shares of company stock worth $118,220 in the last ninety days. 18.55% of the stock is owned by insiders.

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.