Talon Metals (TSE:TLO) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Talon Metals Corp. (TSE:TLOGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.76 and traded as low as C$5.26. Talon Metals shares last traded at C$5.31, with a volume of 251,884 shares traded.

Talon Metals Trading Down 2.9%

The business’s 50 day moving average price is C$6.22 and its two-hundred day moving average price is C$6.76. 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 has a market capitalization of C$855.11 million, a price-to-earnings ratio of -321.70 and a beta of 2.31.

Talon Metals (TSE:TLOGet Free Report) last issued its quarterly earnings data on Friday, May 15th. The mining company reported C$0.01 earnings per share for the quarter. The firm had revenue of C$65.27 million for the quarter. On average, equities analysts predict that Talon Metals Corp. will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Talon Metals

In other Talon Metals news, Director David Lee Deisley sold 30,000 shares of Talon Metals stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of C$6.34, for a total value of C$190,200.00. Following the completion of the sale, the director directly owned 30,000 shares in the company, valued at approximately C$190,200. The trade was a 50.00% decrease in their ownership of the stock. Also, Director Gregory Stephen Kinross sold 50,100 shares of Talon Metals stock in a transaction on Thursday, May 21st. The shares were sold at an average price of C$6.30, for a total transaction of C$315,630.00. Following the completion of the sale, the director owned 500 shares of the company’s stock, valued at C$3,150. This represents a 99.01% decrease in their position. In the last 90 days, insiders sold 280,342 shares of company stock valued at $1,765,524. 18.55% of the stock is currently owned by company insiders.

About Talon Metals

(Get Free Report)

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.

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