Talon Metals (TSE:TLO) Sets New 12-Month High – Still a Buy?

Talon Metals Corp. (TSE:TLO)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$8.80 and last traded at C$8.60, with a volume of 129863 shares changing hands. The stock had previously closed at C$8.40.

Talon Metals Stock Up 3.9%

The firm has a market capitalization of C$1.31 billion, a price-to-earnings ratio of -55.00 and a beta of 1.50. The business has a 50 day moving average of C$6.58 and a 200 day moving average of C$5.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62.

Insider Transactions at Talon Metals

In other news, Director Henri Van Rooyen sold 82,200 shares of Talon Metals stock in a transaction dated Monday, December 29th. The shares were sold at an average price of C$6.20, for a total transaction of C$509,640.00. Following the sale, the director directly owned 438,524 shares in the company, valued at approximately C$2,718,848.80. The trade was a 15.79% decrease in their position. Also, insider Mark Groulx sold 50,000 shares of the company’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of C$6.10, for a total transaction of C$305,000.00. Following the completion of the sale, the insider directly owned 9,500 shares in the company, valued at approximately C$57,950. The trade was a 84.03% decrease in their position. Insiders have sold a total of 324,775 shares of company stock valued at $3,671,470 over the last ninety days. 18.55% of the stock is owned by insiders.

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.