Transition Metals (CVE:XTM) Trading Up 25% – Still a Buy?

Transition Metals Corp. (CVE:XTMGet Free Report) shot up 25% on Monday . The stock traded as high as C$0.05 and last traded at C$0.05. 424,041 shares changed hands during trading, an increase of 380% from the average session volume of 88,430 shares. The stock had previously closed at C$0.04.

Transition Metals Stock Performance

The stock has a market cap of C$2.86 million, a price-to-earnings ratio of -2.19 and a beta of 1.73. The stock has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.06.

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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