Talon Metals (TSE:TLO) Stock Price Down 15.4% – Here’s Why

Talon Metals Corp. (TSE:TLO)’s stock price dropped 15.4% during trading on Monday . The stock traded as low as C$0.21 and last traded at C$0.22. Approximately 7,840,818 shares were traded during mid-day trading, an increase of 684% from the average daily volume of 1,000,278 shares. The stock had previously closed at C$0.26.

Analysts Set New Price Targets

Separately, TD Securities reduced their price objective on Talon Metals from C$0.25 to C$0.20 and set a “buy” rating on the stock in a research note on Monday, March 31st.

Talon Metals Stock Performance

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 stock has a fifty day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.10. The stock has a market cap of C$214.99 million, a PE ratio of -55.00 and a beta of 1.13.

Talon Metals Company Profile

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.