Talon Metals (TSE:TLO) Stock Crosses Below 200 Day Moving Average – Here’s Why

Talon Metals Corp. (TSE:TLO)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.70 and traded as low as C$5.04. Talon Metals shares last traded at C$5.05, with a volume of 263,952 shares changing hands.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$8.00 price objective on shares of Talon Metals and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$6.50.

Talon Metals Price Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. The firm has a market capitalization of C$813.24 million, a PE ratio of -305.95 and a beta of 2.31. The stock has a fifty day moving average price of C$5.87 and a 200-day moving average price of C$6.70.

Talon Metals (TSE:TLO) last issued 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. Sell-side analysts forecast that Talon Metals Corp. will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling at Talon Metals

In other news, Director Gregory Stephen Kinross sold 50,100 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of C$6.30, for a total value of C$315,630.00. Following the sale, the director directly owned 500 shares in the company, valued at approximately C$3,150. This trade represents a 99.01% decrease in their position. Also, Director John David Kaplan sold 7,809 shares of Talon Metals stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$5.85, for a total transaction of C$45,682.65. Following the completion of the transaction, the director directly owned 80,144 shares in the company, valued at approximately C$468,842.40. The trade was a 8.88% decrease in their position. Over the last ninety days, insiders sold 280,342 shares of company stock valued at $1,765,524. 18.55% of the stock is currently 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.