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

Talon Metals Corp. (TSE:TLO)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$5.93 and traded as high as C$7.78. Talon Metals shares last traded at C$7.40, with a volume of 470,812 shares trading hands.

Analyst Upgrades and Downgrades

Separately, National Bank Financial set a C$8.00 target price on Talon Metals and gave the company an “outperform” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$8.00.

Talon Metals Trading Up 2.9%

The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. The business’s 50-day moving average is C$6.01 and its two-hundred day moving average is C$6.75. The firm has a market cap of C$1.30 billion, a P/E ratio of 2,306.81 and a beta of 2.35.

Talon Metals (TSE:TLO) last issued its quarterly earnings results on Thursday, August 13th. The mining company reported C$0.03 EPS for the quarter. The business had revenue of C$73.20 million for the quarter. During the same quarter in the previous year, the business earned ($0.01) earnings per share. As a group, analysts predict that Talon Metals Corp. will post 0.01 earnings per share for the current fiscal year.

Insider Activity

In other Talon Metals news, Director David Lee Deisley sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of C$6.34, for a total value of C$190,200.00. Following the completion of the transaction, the director directly owned 30,000 shares in the company, valued at C$190,200. This trade represents a 50.00% decrease in their ownership of the stock. Also, Director John David Kaplan sold 7,809 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$5.85, for a total value of C$45,682.65. Following the transaction, the director directly owned 80,144 shares in the company, valued at C$468,842.40. This trade represents a 8.88% decrease in their position. Insiders have sold 42,330 shares of company stock worth $262,291 in the last quarter. 18.55% of the stock is currently owned by corporate 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.