Talon Metals (TSE:TLO) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Talon Metals Corp. (TSE:TLO)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.13 and traded as low as C$0.09. Talon Metals shares last traded at C$0.10, with a volume of 314,002 shares changing hands.

Talon Metals Stock Performance

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 firm has a 50-day moving average price of C$0.10 and a two-hundred day moving average price of C$0.13. The firm has a market cap of C$88.80 million, a PE ratio of -55.00 and a beta of 1.13.

Insider Buying and Selling at Talon Metals

In other Talon Metals news, insider Resource Capital Fund VI L.P. sold 483,000 shares of Talon Metals stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$0.09, for a total transaction of C$43,470.00. In the last 90 days, insiders have sold 1,333,000 shares of company stock worth $118,220. Corporate insiders own 18.55% of the company’s stock.

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.