Shares of Transition Metals Corp. (CVE:XTM – Get Free Report) shot 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 Trading Up 42.9 %
The business’s fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.06. The company has a market capitalization of C$3.58 million, a P/E ratio of -2.73 and a beta of 1.73.
About Transition Metals
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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