Talon Metals (TSX:TLO) 6-1 Month Momentum % : -41.30% (As of Apr. 29, 2024)

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What is Talon Metals 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-29), Talon Metals's 6-1 Month Momentum % is -41.30%.

The industry rank for Talon Metals's 6-1 Month Momentum % or its related term are showing as below:

TSX:TLO's 6-1 Month Momentum % is ranked worse than
83.68% of 2531 companies
in the Metals & Mining industry
Industry Median: -8.7 vs TSX:TLO: -41.30

Competitive Comparison of Talon Metals's 6-1 Month Momentum %

For the Other Industrial Metals & Mining subindustry, Talon Metals's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Talon Metals's 6-1 Month Momentum % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Talon Metals's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Talon Metals's 6-1 Month Momentum % falls into.

Talon Metals (TSX:TLO) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Talon Metals (TSX:TLO) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Talon Metals 6-1 Month Momentum % Related Terms

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Talon Metals (TSX:TLO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Talon Metals Corp (TSX:TLO) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

TLOFF:USA TAO:Germany

Address

Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, VGB

Website

https://www.talonmetals.com

Talon Metals Corp is a base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. The Tamarack Nickel Project comprises a large land position with additional high-grade intercepts outside the current resource area. Talon is focused on expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators and following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex.