Shares of Transition Metals Corp. (CVE:XTM – Get 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 traded hands during mid-day 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 Price Performance
The firm has a market cap of C$3.58 million, a price-to-earnings ratio of -2.73 and a beta of 1.73. The firm’s fifty day moving average is C$0.04 and its two-hundred day moving average is C$0.06.
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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