Transition Metals (CVE:XTM) Trading Up 14.3% – Here’s Why

Transition Metals Corp. (CVE:XTMGet Free Report)’s share price shot up 14.3% during trading on Monday . The company traded as high as C$0.08 and last traded at C$0.08. 267,500 shares traded hands during mid-day trading, an increase of 234% from the average daily volume of 80,129 shares. The stock had previously closed at C$0.07.

Transition Metals Trading Down 17.6%

The stock’s 50 day moving average price is C$0.06 and its two-hundred day moving average price is C$0.07. The firm has a market capitalization of C$5.75 million, a price-to-earnings ratio of 1.75 and a beta of 1.58.

Transition Metals Company Profile

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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. Transition Metals Corp. is based in Sudbury, Canada.

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