Key Points
- Director Gregory Stephen Kinross sold 50,100 Talon Metals shares at an average price of C$6.30, totaling C$315,630, and reduced his stake by about 99% to just 500 shares.
- Kinross also disclosed several additional sales on May 21, including one large block of 81,100 shares, while fellow director David Lee Deisley sold 10,000 shares on May 22, adding to the insider-selling pressure.
- Talon Metals shares were down 4.8% and traded around C$6.40; the company recently reported C$0.01 EPS on C$65.27 million in revenue, roughly in line with expectations, with analysts still forecasting full-year EPS of 0.01.
Talon Metals Corp. (TSE:TLO - Get Free Report) Director Gregory Stephen Kinross sold 50,100 shares of the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of C$6.30, for a total value of C$315,630.00. Following the completion of the transaction, the director owned 500 shares of the company's stock, valued at C$3,150. This trade represents a 99.01% decrease in their ownership of the stock.
Gregory Stephen Kinross also recently made the following trade(s):
- On Thursday, May 21st, Gregory Stephen Kinross sold 8,712 shares of Talon Metals stock. The shares were sold at an average price of C$6.30, for a total value of C$54,885.60.
- On Thursday, May 21st, Gregory Stephen Kinross sold 1,200 shares of Talon Metals stock. The shares were sold at an average price of C$6.31, for a total value of C$7,572.00.
- On Thursday, May 21st, Gregory Stephen Kinross sold 41,600 shares of Talon Metals stock. The shares were sold at an average price of C$6.31, for a total value of C$262,496.00.
- On Thursday, May 21st, Gregory Stephen Kinross sold 18,100 shares of Talon Metals stock. The shares were sold at an average price of C$6.32, for a total value of C$114,392.00.
- On Thursday, May 21st, Gregory Stephen Kinross sold 10,500 shares of Talon Metals stock. The shares were sold at an average price of C$6.32, for a total value of C$66,360.00.
- On Thursday, May 21st, Gregory Stephen Kinross sold 1,300 shares of Talon Metals stock. The shares were sold at an average price of C$6.33, for a total value of C$8,229.00.
- On Thursday, May 21st, Gregory Stephen Kinross sold 5,200 shares of Talon Metals stock. The shares were sold at an average price of C$6.34, for a total value of C$32,968.00.
- On Thursday, May 21st, Gregory Stephen Kinross sold 4,700 shares of Talon Metals stock. The shares were sold at an average price of C$6.35, for a total value of C$29,845.00.
- On Thursday, May 21st, Gregory Stephen Kinross sold 2,100 shares of Talon Metals stock. The shares were sold at an average price of C$6.36, for a total value of C$13,356.00.
- On Thursday, May 21st, Gregory Stephen Kinross sold 81,100 shares of Talon Metals stock. The shares were sold at an average price of C$6.30, for a total value of C$510,930.00.
Talon Metals Trading Down 4.8%
Shares of TLO opened at C$6.40 on Wednesday. The stock has a fifty day moving average of C$7.15 and a two-hundred day moving average of C$6.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. The company has a market capitalization of C$1.03 billion, a PE ratio of -387.74 and a beta of 2.32. Talon Metals Corp. has a fifty-two week low of C$1.85 and a fifty-two week high of C$9.25.
Talon Metals (TSE:TLO - Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The mining company reported C$0.01 earnings per share for the quarter. The business had revenue of C$65.27 million during the quarter. As a group, analysts forecast that Talon Metals Corp. will post 0.01 EPS for the current year.
Trending Headlines about Talon Metals
Here are the key news stories impacting Talon Metals this week:
- Negative Sentiment: Director Gregory Stephen Kinross disclosed multiple stock sales on May 21, including one large sale of 81,100 shares and several additional disposals, cutting his position materially. Heavy insider selling can signal reduced confidence and is likely contributing to weakness in the shares.
- Negative Sentiment: Director David Lee Deisley also sold 10,000 shares on May 22 at C$6.50, adding to the recent insider-selling trend and reinforcing bearish sentiment around Talon Metals.
- Neutral Sentiment: The company’s latest quarterly results showed C$0.01 EPS on revenue of C$65.27 million, roughly in line with analyst expectations, so fundamentals were not the main catalyst in the latest move.
- Neutral Sentiment: Talon Metals reported a strong balance sheet with low debt and healthy liquidity, which may help limit downside if investor concern over insider sales fades.
Talon Metals Company Profile
(
Get Free Report)
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.
Further Reading
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