QMX Gold (CVE:QMX) Shares Up 1.8% – Here’s Why

QMX Gold Co. (CVE:QMX) shares traded up 1.8% during trading on Tuesday . The company traded as high as C$0.29 and last traded at C$0.29. 93,800 shares traded 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 Up 1.8%

The company has a debt-to-equity ratio of 7.71, a quick ratio of 1.31 and a current ratio of 1.45. The firm has a fifty day simple moving average of C$0.29 and a 200-day simple moving average of C$0.29. The company has a market capitalization 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.