Talon Metals (TSE:TLO) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Talon Metals Corp. (TSE:TLO)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$6.13 and traded as high as C$6.66. Talon Metals shares last traded at C$6.39, with a volume of 1,086,203 shares.

Talon Metals Price 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 firm has a market capitalization of C$955.23 million, a price-to-earnings ratio of -55.00 and a beta of 1.50. The company’s 50 day moving average is C$6.13 and its 200-day moving average is C$4.83.

Insider Buying and Selling

In other news, Director Henri Van Rooyen sold 82,200 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of C$6.20, for a total transaction of C$509,640.00. Following the completion of the sale, the director owned 438,524 shares in the company, valued at C$2,718,848.80. The trade was a 15.79% decrease in their ownership of the stock. Also, insider Mark Groulx sold 50,000 shares of the stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of C$6.10, for a total value of C$305,000.00. Following the transaction, the insider owned 9,500 shares in the company, valued at approximately C$57,950. This trade represents a 84.03% decrease in their position. Insiders have sold a total of 324,775 shares of company stock worth $3,671,470 over the last three months. 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.