Talon Metals (TSE:TLO) Sets New 1-Year High – Here’s What Happened

Talon Metals Corp. (TSE:TLO) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$8.80 and last traded at C$8.60, with a volume of 129863 shares trading hands. The stock had previously closed at C$8.40.

Talon Metals Trading Down 3.9%

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$1.26 billion, a P/E ratio of -55.00 and a beta of 1.50. The business has a 50 day moving average of C$6.68 and a 200-day moving average of C$5.09.

Insiders Place Their Bets

In related news, insider Mark Groulx sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of C$61.10, for a total value of C$305,500.00. Following the sale, the insider directly owned 950 shares of the company’s stock, valued at approximately C$58,045. The trade was a 84.03% decrease in their position. Also, Director Henri Van Rooyen sold 1,745 shares of the company’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of C$61.00, for a total transaction of C$106,445.00. Following the completion of the transaction, the director directly owned 42,107 shares of the company’s stock, valued at approximately C$2,568,527. The trade was a 3.98% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 324,775 shares of company stock worth $3,671,470. 18.55% of the stock is currently owned by company 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.