Talon Metals (TSE:TLO) Shares Cross Above Fifty Day Moving Average – What’s Next?

Talon Metals Corp. (TSE:TLO)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.09 and traded as high as C$0.10. Talon Metals shares last traded at C$0.10, with a volume of 98,476 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Canaccord Genuity Group upgraded Talon Metals to a “moderate buy” rating in a research report on Wednesday, October 16th. 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 research note on Monday, November 18th.

Talon Metals Trading Up 5.6 %

The stock has a market cap of C$88.80 million, a P/E ratio of -55.00 and a beta of 1.13. The business’s 50 day simple moving average is C$0.09 and its 200 day simple moving average is C$0.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62.

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.