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Most Anticipated Earnings: BLDP-T, BOS-T and more Canadian Companies Reporting Earnings this Week (May 06-10)This summary was created by AI, based on 1 opinions in the last 12 months.
Talon Metals Corp. (TLO-T) has experienced a recent price spike and positive news regarding a draft guideline supporting domestic nickel preference and a deal with Tesla. However, it remains a small company with a pre-revenue status and a small cash balance. The decline in the price of nickel has also contributed to its price decline. There is potential for good performance if the price of nickel rebounds, but until then, it may largely follow the price of nickel.
Talon Metals Corp. is a Canadian stock, trading under the symbol TLO-T on the Toronto Stock Exchange (TLO-CT). It is usually referred to as TSX:TLO or TLO-T
In the last year, 1 stock analyst published opinions about TLO-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Talon Metals Corp..
Talon Metals Corp. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Talon Metals Corp..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Talon Metals Corp. In the last year. It is a trending stock that is worth watching.
On 2024-11-21, Talon Metals Corp. (TLO-T) stock closed at a price of $0.085.
Recent news has been generally positive, with the commencement of a draft guideline supporting domestic nickel preference and strong enforcement mechanisms implementing IRA Foreign Entity of Concern requirements. It also struck a $115M deal for a nickel ore processing plant that will supply Tesla. Its price spiked 20% recently, but it is a small company ($168M market cap), which is pre-revenue and has a small cash balance of $10.5M.
There are a few large shareholders, The Pallinghurst Group and RCF Management whole own 16% and 14% of shares, respectively. We believe that a lot of its price decline is due to the steady decline in the price of nickel since late 2022. If the price of nickel sees a rebound and sustained positive momentum, we believe TLO can perform well, but until then, since it is pre-revenue, we believe it will largely follow the price of nickel.
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