QMX Gold (CVE:QMX) Stock Price Up 1.8% – Should You Buy?

by · The Markets Daily

QMX Gold Co. (CVE:QMX – Get Free Report) shares traded up 1.8% on Tuesday. The company traded as high as C$0.29 and last traded at C$0.29. 93,800 shares changed hands during mid-day 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 Stock Performance

The firm has a market cap of C$114.56 million and a P/E ratio of -29.00. 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 company’s 50-day moving average is C$0.29 and its two-hundred day moving average is C$0.29.

About QMX Gold

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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.

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