Talon Metals (TSE:TLO) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Talon Metals Corp. (TSE:TLO) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.10 and traded as low as C$0.09. Talon Metals shares last traded at C$0.09, with a volume of 93,825 shares.

Wall Street Analyst Weigh In

Several research firms have recently commented on TLO. TD Securities decreased 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 note on Monday, November 18th. Canaccord Genuity Group raised Talon Metals to a “moderate buy” rating in a research note on Wednesday, October 16th.

Talon Metals Stock Up 5.9 %

The firm’s 50-day simple moving average is C$0.09 and its 200 day simple moving average is C$0.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. The stock has a market capitalization of C$84.12 million, a P/E ratio of -55.00 and a beta of 1.13.

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.