QMX Gold (CVE:QMX) Trading Up 1.8% – What’s Next?

QMX Gold Co. (CVE:QMX)’s share price shot up 1.8% on Tuesday . The stock traded as high as C$0.29 and last traded at C$0.29. Approximately 93,800 shares traded hands during trading, a decline of 96% from the average daily volume of 2,281,234 shares. The stock had previously closed at C$0.28.

QMX Gold Price Performance

The business has a fifty day simple moving average of C$0.29 and a two-hundred day simple moving average of C$0.29. The company has a current ratio of 1.45, a quick ratio of 1.31 and a debt-to-equity ratio of 7.71. The stock has a market cap of C$114.56 million and a PE ratio of -29.00.

QMX Gold Company Profile

QMX Gold Corporation, a junior exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold and base metal deposits. The company holds a portfolio of properties covering approximately 200 square kilometers of the Val d'Or Mining Camp in the Abitibi district of Québec. The company was formerly known as Alexis Minerals Corporation and changed its name to QMX Gold Corporation in June 2012. QMX Gold Corporation was incorporated in 1988 and is headquartered in Toronto, Canada.