Talon Metals (TSE:TLO) Lifted to Moderate Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Talon Metals (TSE:TLO) to a moderate buy rating in a report issued on Wednesday morning, Zacks.com reports.

Talon Metals Stock Performance

TSE:TLO opened at C$0.10 on Wednesday. The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08. Talon Metals has a twelve month low of C$0.08 and a twelve month high of C$0.26. The company has a fifty day moving average of C$0.10 and a 200-day moving average of C$0.13. The firm has a market capitalization of C$93.47 million, a P/E ratio of -55.00 and a beta of 1.13.

Insider Buying and Selling

In other Talon Metals news, insider Resource Capital Fund VI L.P. sold 350,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$0.09, for a total transaction of C$29,750.00. In the last three months, insiders have sold 1,333,000 shares of company stock valued at $118,220. 18.55% of the stock is owned by company insiders.

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.