Transition Metals (CVE:XTM) Stock Price Up 25% – Still a Buy?

Transition Metals Corp. (CVE:XTMGet Free Report) was up 25% during mid-day trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 424,041 shares changed hands 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 Price Performance

The business’s 50 day moving average price is C$0.04 and its 200 day moving average price is C$0.06. The firm has a market cap of C$3.58 million, a PE ratio of -2.73 and a beta of 1.73.

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.

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