Insider Buying: Talon Metals Corp. (TSE:TLO) Insider Acquires 700,000 Shares of Stock

Talon Metals Corp. (TSE:TLO – Get Rating) insider Pallinghurst Nickel International Limited acquired 700,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 28th. The stock was bought at an average price of C$0.45 per share, with a total value of C$317,380.00. Following the transaction, the insider now directly owns 146,186,407 shares in the company, valued at C$66,280,916.93.

Pallinghurst Nickel International Limited also recently made the following trade(s):

On Friday, December 30th, Pallinghurst Nickel International Limited acquired 254,500 shares of Talon Metals stock. The stock was bought at an average price of C$0.50 per share, with a total value of C$126,435.60.
On Friday, December 9th, Pallinghurst Nickel International Limited acquired 56,500 shares of Talon Metals stock. The stock was bought at an average price of C$0.45 per share, with a total value of C$25,323.30.

Talon Metals Stock Performance

Shares of Talon Metals stock opened at C$0.50 on Tuesday. The firm has a fifty day moving average of C$0.46 and a two-hundred day moving average of C$0.49. The stock has a market capitalization of C$425.38 million and a price-to-earnings ratio of -62.50. Talon Metals Corp. has a 52 week low of C$0.38 and a 52 week high of C$0.89. The company has a debt-to-equity ratio of 502.49, a quick ratio of 5.62 and a current ratio of 5.79.

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Separately, TD Securities upped their target price on shares of Talon Metals from C$0.80 to C$0.90 and gave the company a “speculative buy” rating in a research report on Thursday, October 20th.

About Talon Metals

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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.