Talga Resources (ASX:TLG) Trading 3.3% Higher
by Teresa Graham
Shares of Talga Resources Ltd (ASX:TLG) shot up 3.3% on Monday . The company traded as high as A$0.48 ($0.34) and last traded at A$0.47 ($0.33), 265,819 shares traded hands during mid-day trading. A decline of 49% from the average session volume of 525,899 shares. The stock had previously closed at A$0.46 ($0.32).
The firm has a 50 day moving average price of A$0.50 and a 200-day moving average price of A$0.49. The firm has a market cap of $102.82 million and a price-to-earnings ratio of -7.97.
Talga Resources Company Profile (ASX:TLG)
Talga Resources Limited, a material technology company, explores for, develops, and commercializes graphene and graphite products for the battery, coatings, construction, and polymer composites markets worldwide. It also explores for iron ore, cobalt, copper, and gold deposits. The company holds a 100% interest in the Ahmavuoma, Aitik East, Jalkunen, Kiskama, Lautakoski, Masugnsbyn, Piteå, Raitajärvi, and Vittangi projects located in Norrbotten County, Sweden.
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