Talon Metals (OTCMKTS:TLOFF) Trading Down 4.6%

Talon Metals Corp. (OTCMKTS:TLOFF – Get Rating) shares dropped 4.6% during mid-day trading on Tuesday . The stock traded as low as $0.35 and last traded at $0.35. Approximately 299,352 shares were traded during trading, an increase of 52% from the average daily volume of 197,503 shares. The stock had previously closed at $0.37.

Wall Street Analysts Forecast Growth

TLOFF has been the topic of several research analyst reports. Stifel Nicolaus reduced their price objective on Talon Metals from C$0.90 to C$0.80 in a research note on Wednesday, November 23rd. TD Securities raised their price objective on Talon Metals from C$0.80 to C$0.90 in a research note on Thursday, October 20th.

Talon Metals Price Performance

The firm has a 50-day simple moving average of $0.34 and a 200 day simple moving average of $0.37.

About Talon Metals

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Talon Metals Corp., a mineral exploration company, explores for and develops mineral properties. The company owns a 17.56% interest is the Tamarack nickel-copper-cobalt project located in Minnesota, the United States. It has an option to acquire 80% interest in the mineral rights over a land package covering an area of approximately 4,00,000 acres located in the Upper Peninsula of the State of Michigan.