Talon Metals (TSE:TLO) Shares Up 11.1% – What’s Next?

Talon Metals Corp. (TSE:TLO)’s stock price rose 11.1% on Thursday . The stock traded as high as C$0.11 and last traded at C$0.10. Approximately 1,314,946 shares traded hands during trading, an increase of 214% from the average daily volume of 419,384 shares. The stock had previously closed at C$0.09.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised Talon Metals to a “moderate buy” rating in a research note on Wednesday, October 16th.

Talon Metals Stock Up 11.1 %

The firm has a market capitalization of C$93.47 million, a P/E ratio of -55.00 and a beta of 1.13. 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 firm’s 50-day moving average is C$0.09 and its 200 day moving average is C$0.13.

Insider Activity

In related news, insider Resource Capital Fund VI L.P. sold 483,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$0.09, for a total transaction of C$43,470.00. Insiders have sold a total of 1,333,000 shares of company stock worth $118,220 over the last three months. Corporate insiders own 18.55% of the company’s stock.

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.