Talon Metals (OTCMKTS:TLOFF) Stock Falls 1.1% – Here’s Why

Talon Metals Corp. (OTCMKTS:TLOFF – Get Free Report) traded down 1.1% on Monday. The stock traded as low as $6.28 and last traded at $6.49. 283,864 shares were traded during trading, an increase of 4% from the average daily volume of 273,580 shares. The stock had previously closed at $6.5645.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TLOFF. TD Securities reissued a “buy” rating on shares of Talon Metals in a report on Monday, August 17th. National Bank Financial reaffirmed an “outperform” rating on shares of Talon Metals in a report on Thursday, September 10th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Talon Metals presently has an average rating of “Buy”.

Check Out Our Latest Analysis on Talon Metals

Talon Metals Stock Down 1.1%

The company’s fifty day moving average is $5.50 and its two-hundred day moving average is $5.05.

Institutional Investors Weigh In On Talon Metals

A hedge fund recently raised its stake in Talon Metals stock. Harraden Circle Investments LLC boosted its stake in Talon Metals Corp. (OTCMKTS:TLOFF – Free Report) by 15.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,042,732 shares of the company’s stock after purchasing an additional 142,733 shares during the quarter. Harraden Circle Investments LLC’s holdings in Talon Metals were worth $10,751,000 as of its most recent SEC filing.

Talon Metals Company Profile

(Get Free Report)

Talon Metals Corp. is a Canadian mineral exploration and development company focused on nickel, copper and cobalt resources used in electric-vehicle batteries and other industrial applications. The company’s primary asset is the Tamarack Nickel-Copper-Cobalt Project in Minnesota, which it operates through a joint venture with Rio Tinto.

Talon is advancing the Tamarack project through exploration, resource definition, permitting and feasibility-related work. The company has also pursued plans to establish a U.S.-based processing facility to produce battery materials from responsibly sourced nickel concentrate, subject to regulatory approvals and project development decisions.

In addition to its Minnesota operations, Talon has maintained exploration interests in North America, including projects in Canada.

Further Reading

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