Transition Metals (CVE:XTM) Shares Up 42.9% – Should You Buy?

Transition Metals Corp. (CVE:XTMGet Free Report)’s share price shot up 42.9% on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. 212,433 shares changed hands during trading, an increase of 158% from the average session volume of 82,286 shares. The stock had previously closed at C$0.04.

Transition Metals Trading Up 42.9 %

The company’s 50 day moving average price is C$0.04 and its two-hundred 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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