QMX Gold (CVE:QMX) Trading 1.8% Higher – Still a Buy?

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

QMX Gold Stock Performance

The business’s fifty day moving average price is C$0.29 and its two-hundred day moving average price is C$0.29. 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 stock has a market capitalization of C$114.56 million and a P/E 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.