Transition Metals (CVE:XTM) Shares Up 28.6% – Here’s Why

Transition Metals Corp. (CVE:XTMGet Free Report) shares were up 28.6% during mid-day trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 170,862 shares changed hands during mid-day trading, an increase of 111% from the average daily volume of 81,048 shares. The stock had previously closed at C$0.04.

Transition Metals Trading Up 28.6 %

The firm has a 50 day moving average price of C$0.04 and a 200-day moving average price of C$0.06. The firm has a market cap of C$3.22 million, a PE ratio of -2.46 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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