Transition Metals Corp (CVE:XTM) shot up 18.4% during trading on Thursday . The company traded as high as C$0.23 and last traded at C$0.23. 364,700 shares traded hands during mid-day trading, an increase of 91% from the average session volume of 191,293 shares. The stock had previously closed at C$0.19.
Separately, Fundamental Research reduced their target price on Transition Metals from C$0.38 to C$0.29 and set a “buy” rating on the stock in a research report on Tuesday, February 5th.
The stock has a market cap of $8.02 million and a P/E ratio of -3.63.
Transition Metals Corp. engages in the acquisition and exploration of mineral properties in Canada and the United States. The company has a portfolio of approximately 25 gold, copper, nickel, and platinum projects primarily in Ontario, Nunavut, British Columbia, Nova Scotia, New Brunswick, Newfoundland, and Saskatchewan.
See Also: Retained Earnings
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