Talon Metals (TSE:TLO) Reaches New 1-Year Low – Time to Sell?

Talon Metals Corp. (TSE:TLO)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.08 and last traded at C$0.08, with a volume of 447508 shares. The stock had previously closed at C$0.08.

Wall Street Analyst Weigh In

TLO has been the subject of several recent research reports. TD Securities dropped their price objective on shares of Talon Metals from C$0.55 to C$0.30 and set a “buy” rating for the company in a research report on Monday, November 18th. Stifel Nicolaus dropped their price objective on shares of Talon Metals from C$0.50 to C$0.45 and set a “buy” rating for the company in a research report on Thursday, January 30th.

Talon Metals Stock Performance

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. The business’s 50-day moving average price is C$0.09 and its 200 day moving average price is C$0.09. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62.

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.