Talon Metals (TSE:TLO) Stock Price Down 8.6%

Talon Metals Corp. (TSE:TLO) was down 8.6% on Monday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 130,235 shares changed hands during trading, a decline of 71% from the average daily volume of 456,297 shares. The stock had previously closed at C$0.18.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TLO shares. Stifel Nicolaus set a C$0.50 target price on Talon Metals and gave the company a “buy” rating in a research report on Tuesday, March 26th. Stifel Canada reaffirmed a “buy” rating on shares of Talon Metals in a research report on Monday, March 25th.

Talon Metals Stock Down 2.9 %

The company has a quick ratio of 5.62, a current ratio of 5.29 and a debt-to-equity ratio of 502.49. The stock has a market cap of C$154.23 million, a PE ratio of -55.00 and a beta of 1.12. The business has a 50 day moving average price of C$0.14 and a 200 day moving average price of C$0.17.

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.