Transition Metals (CVE:XTM) Trading 25% Higher – Time to Buy?

Transition Metals Corp. (CVE:XTMGet Free Report) shares were up 25% on Monday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 424,041 shares were traded during mid-day trading, an increase of 380% from the average daily volume of 88,430 shares. The stock had previously closed at C$0.04.

Transition Metals Stock Performance

The stock has a market capitalization of C$2.86 million, a P/E ratio of -2.19 and a beta of 1.73. The business has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.06.

About Transition Metals

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Transition Metals Corp. engages in the acquisition and exploration of mineral properties in Canada and the United States. It explores for gold, silver, copper, nickel, platinum group metal, and palladium. The company engages in various projects, that includes the Thunder Bay, Pike Warden, Saskatchewan, Abitibi gold, Sudbury Area, and other projects.

Further Reading

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