Transition Metals (CVE:XTM) Stock Price Up 16.7% – Still a Buy?

Transition Metals Corp. (CVE:XTMGet Free Report) shot up 16.7% during mid-day trading on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 357,084 shares traded hands during trading, an increase of 319% from the average daily volume of 85,236 shares. The stock had previously closed at C$0.06.

Transition Metals Stock Performance

The firm’s fifty day moving average is C$0.07 and its 200 day moving average is C$0.08. The company has a market capitalization of C$6.16 million, a P/E ratio of 1.88 and a beta of 1.61.

Transition Metals Company Profile

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

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