Talon Metals (TSE:TLO) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Talon Metals Corp. (TSE:TLO)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.53 and traded as high as C$0.64. Talon Metals shares last traded at C$0.64, with a volume of 6,049,391 shares.

Talon Metals Price Performance

The stock’s 50 day simple moving average is C$0.53 and its two-hundred day simple moving average is C$0.43. The firm has a market cap of C$946.08 million, a P/E ratio of -55.00 and a beta of 1.22. 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 Activity

In other Talon Metals news, insider Mark Groulx sold 500,000 shares of the firm’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of C$0.61, for a total transaction of C$305,000.00. Following the completion of the sale, the insider directly owned 95,000 shares in the company, valued at approximately C$57,950. This trade represents a 84.03% decrease in their position. Also, Director Henri Van Rooyen sold 822,000 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of C$0.62, for a total transaction of C$509,640.00. Following the completion of the transaction, the director owned 4,385,249 shares in the company, valued at approximately C$2,718,854.38. This represents a 15.79% decrease in their position. Insiders have sold a total of 2,952,500 shares of company stock worth $1,835,485 over the last three months. 18.55% of the stock is currently owned by insiders.

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.