Talon Metals Corp. (TSE:TLO) traded up 6.7% during trading on Friday . The stock traded as high as C$0.16 and last traded at C$0.16, 85,000 shares traded hands during mid-day trading. A decline of 7% from the average session volume of 91,882 shares. The stock had previously closed at C$0.15.
The stock has a market cap of $88.98 million and a P/E ratio of -6.40. The company has a 50 day simple moving average of C$0.17 and a 200 day simple moving average of C$0.18. The company has a current ratio of 3.58, a quick ratio of 3.56 and a debt-to-equity ratio of 502.49.
In other news, Director Warren Eric Newfield bought 159,500 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were purchased at an average price of C$0.18 per share, for a total transaction of C$27,912.50. Following the purchase, the director now owns 14,180,915 shares of the company’s stock, valued at approximately C$2,481,660.13.
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 TrairÃ£o iron project located in Brazil. The company is headquartered in Road Town, the British Virgin Islands.
Further Reading: What is the Hang Seng index?
Receive News & Ratings for Talon Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talon Metals and related companies with MarketBeat.com's FREE daily email newsletter.