Transition Metals (CVE:XTM) Stock Price Up 42.9% – Still a Buy?

Transition Metals Corp. (CVE:XTM)’s stock price was up 42.9% on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 212,433 shares changed hands during mid-day trading, an increase of 158% from the average daily volume of 82,286 shares. The stock had previously closed at C$0.04.

Transition Metals Trading Up 42.9 %

The company has a market capitalization of C$3.58 million, a PE ratio of -2.73 and a beta of 1.73. The business’s 50-day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.06.

Transition Metals Company Profile

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.