Talon Metals (TSE:TLO) Trading Up 16.9% – Still a Buy?

Talon Metals Corp. (TSE:TLO) shares shot up 16.9% during trading on Tuesday . The stock traded as high as C$5.89 and last traded at C$5.88. Approximately 285,840 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 672,147 shares. The stock had previously closed at C$5.03.

Analyst Ratings Changes

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

Talon Metals Stock Performance

The business’s 50-day moving average price is C$5.78 and its 200-day moving average price is C$6.67. 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 stock has a market cap of C$972.67 million, a PE ratio of -365.93 and a beta of 2.31.

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

Insiders Place Their Bets

In other news, Director John David Kaplan sold 7,809 shares of the company’s stock in a transaction 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 transaction, the director directly owned 80,144 shares of the company’s stock, valued at approximately C$468,842.40. This represents a 8.88% decrease in their ownership of the stock. Also, Director David Lee Deisley sold 30,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of C$6.34, for a total value of C$190,200.00. Following the sale, the director owned 30,000 shares of the company’s stock, valued at approximately C$190,200. This represents a 50.00% decrease in their position. Over the last three months, insiders have sold 280,342 shares of company stock valued at $1,765,524. 18.55% of the stock is currently owned by 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.