Talon Metals (TSE:TLO) Sets New 12-Month Low – Time to Sell?

Talon Metals Corp. (TSE:TLO)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.08 and last traded at C$0.08, with a volume of 135863 shares traded. The stock had previously closed at C$0.08.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Securities lowered their price target on shares of Talon Metals from C$0.55 to C$0.30 and set a “buy” rating on the stock in a research report on Monday, November 18th. Stifel Nicolaus decreased their price target on shares of Talon Metals from C$0.50 to C$0.45 and set a “buy” rating on the stock in a research note on Thursday, January 30th.

Talon Metals Stock Down 6.3 %

The firm has a market cap of C$70.10 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. 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 fifty day moving average price of C$0.08 and a 200-day moving average price of C$0.09.

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.