Talon Metals (TSE:TLO) Stock Passes Above 50-Day Moving Average – Time to Sell?

Talon Metals Corp. (TSE:TLO) crossed 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.

Analyst Upgrades and Downgrades

TLO has been the subject of a number of research reports. Stifel Nicolaus cut their price objective on Talon Metals from C$0.50 to C$0.45 and set a “buy” rating for the company in a report on Thursday, January 30th. TD Securities cut their target price on Talon Metals from C$0.55 to C$0.30 and set a “buy” rating for the company in a research note on Monday, November 18th.

Talon Metals Stock Performance

The business has a fifty day moving average of C$0.08 and a 200-day moving average of C$0.09. The company has a market cap of C$74.78 million, a PE ratio of -55.00 and a beta of 1.13. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08.

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.