Key Points
- Director David Lee Deisley sold 30,000 Talon Metals shares at an average price of C$6.34, cutting his stake by 50% in a transaction worth C$190,200.
- Deisley also sold 10,000 shares on May 22 at C$6.50, adding to a recent pattern of insider selling at the company.
- Talon Metals traded slightly lower and reported quarterly results of C$0.01 EPS on revenue of C$65.27 million, while maintaining a relatively strong balance sheet with low debt and good liquidity.
Talon Metals Corp. (TSE:TLO - Get Free Report) Director David Lee Deisley sold 30,000 shares of the company's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of C$6.34, for a total transaction of C$190,200.00. Following the completion of the sale, the director owned 30,000 shares in the company, valued at C$190,200. This represents a 50.00% decrease in their position.
David Lee Deisley also recently made the following trade(s):
- On Friday, May 22nd, David Lee Deisley sold 10,000 shares of Talon Metals stock. The stock was sold at an average price of C$6.50, for a total transaction of C$65,000.00.
Talon Metals Trading Down 0.2%
TLO opened at C$6.39 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. Talon Metals Corp. has a fifty-two week low of C$1.90 and a fifty-two week high of C$9.25. The firm has a market capitalization of C$1.03 billion, a PE ratio of -387.13 and a beta of 2.32. The company's 50-day moving average is C$7.12 and its 200 day moving average is C$6.42.
Talon Metals (TSE:TLO - Get Free Report) last posted its 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, research analysts predict that Talon Metals Corp. will post 0.01 earnings per share for the current fiscal year.
Talon Metals News Summary
Here are the key news stories impacting Talon Metals this week:
- Negative Sentiment: Director Gregory Stephen Kinross disclosed multiple share sales, including a large disposal of 50,100 shares at about C$6.30, and earlier transactions totaling far more. The size and frequency of these sales may be viewed as a sign of reduced insider confidence. Article Title
- Negative Sentiment: Director David Lee Deisley also sold 30,000 shares at C$6.34, adding to the insider-selling trend and reinforcing a bearish read-through for the stock. Article Title
- Neutral Sentiment: The company’s latest quarterly results were roughly in line with expectations, with C$0.01 EPS on revenue of C$65.27 million, so fundamentals do not appear to be the main near-term catalyst. Article Title
- Neutral Sentiment: Talon Metals still has a relatively strong balance sheet, with low debt and solid liquidity, which may help support the stock if selling pressure from insider trades eases. Article Title
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.
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