Talon Metals (TSE:TLO) Hits New 12-Month High – Here’s Why

Talon Metals Corp. (TSE:TLO)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$7.50 and last traded at C$7.40, with a volume of 1339853 shares trading hands. The stock had previously closed at C$6.77.

Talon Metals Stock Up 10.8%

The business’s 50 day simple moving average is C$6.30 and its 200 day simple moving average is C$4.92. 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$1.12 billion, a PE ratio of -55.00 and a beta of 1.50.

Insider Activity

In related news, Director Henri Van Rooyen sold 82,200 shares of Talon Metals stock in a transaction dated Monday, December 29th. The stock was sold at an average price of C$6.20, for a total value of C$509,640.00. Following the completion of the transaction, the director owned 438,524 shares in the company, valued at approximately C$2,718,848.80. This trade represents a 15.79% decrease in their ownership of the stock. Also, insider Mark Groulx sold 50,000 shares of the business’s 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 sale, the insider directly owned 9,500 shares in the company, valued at C$57,950. The trade was a 84.03% decrease in their ownership of the stock. In the last quarter, insiders sold 324,775 shares of company stock valued at $3,671,470. 18.55% of the stock is currently owned by company 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.