Talon Metals (TSE:TLO) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Shares of Talon Metals Corp. (TSE:TLO) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.10 and traded as low as C$0.10. Talon Metals shares last traded at C$0.11, with a volume of 67,753 shares traded.

Talon Metals Price Performance

The stock has a market capitalization of C$98.15 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 stock has a fifty day moving average of C$0.10 and a 200-day moving average of C$0.13.

Insider Activity at Talon Metals

In related news, insider Resource Capital Fund VI L.P. sold 483,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$0.09, for a total value of C$43,470.00. Insiders have sold 1,333,000 shares of company stock valued at $118,220 in the last ninety days. Insiders own 18.55% of the company’s stock.

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.