Talon Metals (OTCMKTS:TLOFF) Stock Price Down 4.4% – Should You Sell?

Talon Metals Corp. (OTCMKTS:TLOFF)’s stock price fell 4.4% during mid-day trading on Friday . The company traded as low as $5.56 and last traded at $5.5920. 194,731 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 248,809 shares. The stock had previously closed at $5.85.

Analyst Upgrades and Downgrades

TLOFF has been the subject of several analyst reports. National Bank Financial started coverage on Talon Metals in a research note on Monday, July 13th. They set an “outperform” rating for the company. TD Securities reaffirmed a “buy” rating on shares of Talon Metals in a research report on Monday, August 17th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Talon Metals Trading Down 4.4%

The firm’s fifty day simple moving average is $4.43 and its 200 day simple moving average is $4.93.

Hedge Funds Weigh In On Talon Metals

An institutional investor recently raised its stake in Talon Metals stock. Harraden Circle Investments LLC increased its position in shares of Talon Metals Corp. (OTCMKTS:TLOFF) by 15.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,042,732 shares of the company’s stock after purchasing an additional 142,733 shares during the period. Harraden Circle Investments LLC’s holdings in Talon Metals were worth $10,751,000 at the end of the most recent quarter.

About Talon Metals

Talon Metals Corp is a Canada-based mineral exploration and development company focused on the acquisition, exploration and development of high-grade platinum group metals (PGMs), nickel, copper and cobalt projects. The company seeks to advance underexplored sulfide deposits that align with growing demand for critical metals in clean energy and electric vehicle applications.

The company’s flagship asset is the Stillwater West Project, located adjacent to Sibanye-Stillwater’s producing Stillwater and East Boulder mines in southwestern Montana, USA.