Transition Metals (CVE:XTM) Shares Up 50% – Time to Buy?

Transition Metals Corp. (CVE:XTM)’s share price shot up 50% during trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. 1,040,566 shares were traded during mid-day trading, an increase of 544% from the average session volume of 161,672 shares. The stock had previously closed at C$0.03.

Transition Metals Price Performance

The stock has a market cap of C$3.22 million, a price-to-earnings ratio of -2.46 and a beta of 1.73. The business’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.05.

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.