Talon Metals (TSE:TLO) Hits New 52-Week High – Time to Buy?

Talon Metals Corp. (TSE:TLO) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$9.25 and last traded at C$9.25, with a volume of 852053 shares trading hands. The stock had previously closed at C$8.40.

Talon Metals Stock Performance

The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average is C$7.29 and its two-hundred day moving average is C$5.83. The stock has a market capitalization of C$1.38 billion, a P/E ratio of -17.90 and a beta of 2.25.

Talon Metals (TSE:TLO) last announced its quarterly earnings results on Saturday, March 28th. The mining company reported C($0.05) EPS for the quarter. As a group, sell-side analysts anticipate that Talon Metals Corp. will post 0.01 EPS for the current fiscal year.

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.