Transition Metals (CVE:XTM) Trading Up 25% – Here’s Why

Transition Metals Corp. (CVE:XTMGet Free Report)’s share price rose 25% on Tuesday . 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 Price Performance

The stock has a market cap of C$2.86 million, a price-to-earnings ratio of -2.19 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.

About Transition Metals

(Get Free Report)

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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