Transition Metals (CVE:XTM) Shares Up 42.9% – Here’s What Happened

Shares of Transition Metals Corp. (CVE:XTM) traded up 42.9% during mid-day trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. 212,433 shares were traded during mid-day 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 Stock Down 20.0 %

The stock has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.06. The firm has a market capitalization of C$2.86 million, a P/E ratio of -2.19 and a beta of 1.73.

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.