Talon Metals (TSE:TLO) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Shares of Talon Metals Corp. (TSE:TLO) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.08 and traded as high as C$0.08. Talon Metals shares last traded at C$0.08, with a volume of 224,000 shares trading hands.

Wall Street Analysts Forecast Growth

TLO has been the topic of a number of analyst reports. Stifel Nicolaus decreased their target price on shares of Talon Metals from C$0.50 to C$0.45 and set a “buy” rating on the stock in a report on Thursday, January 30th. TD Securities decreased their price target on shares of Talon Metals from C$0.55 to C$0.30 and set a “buy” rating on the stock in a report on Monday, November 18th.

Talon Metals Trading Up 6.7 %

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 cap of C$74.78 million, a P/E ratio of -55.00 and a beta of 1.13. The stock has a 50-day moving average price of C$0.08 and a 200-day moving average price of C$0.09.

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.