Talon Metals (TSE:TLO) Price Target Lowered to C$0.30 at TD Securities

Talon Metals (TSE:TLO) had its price target decreased by TD Securities from C$0.55 to C$0.30 in a report issued on Monday,BayStreet.CA reports. TD Securities currently has a buy rating on the mining company’s stock.

Separately, Canaccord Genuity Group raised Talon Metals to a “moderate buy” rating in a research report on Wednesday, October 16th.

Talon Metals Stock Performance

Shares of TLO opened at C$0.09 on Monday. Talon Metals has a 1 year low of C$0.08 and a 1 year high of C$0.23. The company’s 50 day simple moving average is C$0.09 and its 200 day simple moving average is C$0.12. The company has a market capitalization of C$84.12 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81.

Insiders Place Their Bets

In related news, insider Resource Capital Fund VI L.P. sold 350,000 shares of the stock in a transaction that occurred 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. Insiders have sold a total of 1,333,000 shares of company stock valued at $118,220 over the last quarter. Company 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.