Talon Metals (TSE:TLO) Trading 31.3% Higher – Time to Buy?

Shares of Talon Metals Corp. (TSE:TLO) traded up 31.3% during mid-day trading on Friday . The stock traded as high as C$0.59 and last traded at C$0.55. 18,964,226 shares changed hands during mid-day trading, an increase of 911% from the average session volume of 1,876,341 shares. The stock had previously closed at C$0.42.

Talon Metals Stock Up 32.5%

The firm’s 50-day simple moving average is C$0.43 and its 200 day simple moving average is C$0.36. 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 market capitalization of C$643.30 million, a P/E ratio of -55.00 and a beta of 0.87.

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.