Transition Metals Corp (CVE:XTM) reached a new 52-week high on Wednesday . The stock traded as high as C$0.23 and last traded at C$0.22, with a volume of 203200 shares traded. The stock had previously closed at C$0.19.
Separately, Fundamental Research dropped their price objective on Transition Metals from C$0.38 to C$0.29 and set a “buy” rating for the company in a report on Tuesday, February 5th.
The firm has a market capitalization of $8.02 million and a price-to-earnings ratio of -3.39.
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.
Further Reading: Asset Allocation, Balancing Your Investments
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