Talon Metals (TSE:TLO) Director David Lee Deisley Sells 30,000 Shares of Stock

Talon Metals Corp. (TSE:TLO) Director David Lee Deisley sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$6.34, for a total transaction of C$190,200.00. Following the transaction, the director owned 30,000 shares in the company, valued at C$190,200. This represents a 50.00% decrease in their position.

David Lee Deisley also recently made the following trade(s):

• On Friday, May 22nd, David Lee Deisley sold 10,000 shares of Talon Metals stock. The shares were sold at an average price of C$6.50, for a total transaction of C$65,000.00.

Talon Metals Price Performance

Shares of TSE TLO opened at C$6.39 on Thursday. The firm’s 50-day moving average price is C$7.12 and its 200-day moving average price is C$6.42. Talon Metals Corp. has a 1-year low of C$1.90 and a 1-year high of C$9.25. The firm has a market capitalization of C$1.03 billion, a P/E ratio of -387.13 and a beta of 2.32. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08.

Talon Metals (TSE:TLO) last announced its quarterly earnings data on Friday, May 15th. The mining company reported C$0.01 earnings per share for the quarter. The company had revenue of C$65.27 million for the quarter. Equities research analysts anticipate that Talon Metals Corp. will post 0.01 earnings per share for the current fiscal year.

Key Talon Metals News

Here are the key news stories impacting Talon Metals this week:

• Negative Sentiment: Director Gregory Stephen Kinross disclosed multiple share sales, including a large disposal of 50,100 shares at about C$6.30, and earlier transactions totaling far more. The size and frequency of these sales may be viewed as a sign of reduced insider confidence.
• Negative Sentiment: Director David Lee Deisley also sold 30,000 shares at C$6.34, adding to the insider-selling trend and reinforcing a bearish read-through for the stock. Article Title
• Neutral Sentiment: The company’s latest quarterly results were roughly in line with expectations, with C$0.01 EPS on revenue of C$65.27 million, so fundamentals do not appear to be the main near-term catalyst. Article Title
• Neutral Sentiment: Talon Metals still has a relatively strong balance sheet, with low debt and solid liquidity, which may help support the stock if selling pressure from insider trades eases. Article Title

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.