Talon Metals (TSE:TLO) Shares Up 5.9% – Time to Buy?

Talon Metals Corp. (TSE:TLO) was up 5.9% during mid-day trading on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 446,625 shares traded hands during trading, an increase of 3% from the average daily volume of 434,979 shares. The stock had previously closed at C$0.09.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised shares of Talon Metals to a “moderate buy” rating in a research note on Wednesday, October 16th.

Talon Metals Stock Down 11.1 %

The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of C$0.09 and a two-hundred day moving average of C$0.13. The firm has a market capitalization of C$74.78 million, a price-to-earnings ratio of -55.00 and a beta of 1.13.

Insider Transactions at Talon Metals

In other Talon Metals news, insider Resource Capital Fund VI L.P. sold 483,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$0.09, for a total value of C$43,470.00. Over the last 90 days, insiders sold 1,333,000 shares of company stock valued at $118,220. 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.