Talon Metals (TSE:TLO) Trading 11.1% Higher – Time to Buy?

Talon Metals Corp. (TSE:TLO)’s stock price traded up 11.1% on Thursday . The stock traded as high as C$0.11 and last traded at C$0.10. 1,314,946 shares traded hands during trading, an increase of 214% from the average session volume of 419,384 shares. The stock had previously closed at C$0.09.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised shares of Talon Metals to a “moderate buy” rating in a research note on Wednesday, October 16th.

Talon Metals Price Performance

The firm has a 50-day moving average of C$0.09 and a 200-day moving average of C$0.13. The stock has a market cap of C$93.47 million, a PE ratio of -55.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62.

Insiders Place Their Bets

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

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.