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

Shares of QMX Gold Co. (CVE:QMX) shot 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 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 Price Performance

The firm has a market cap of C$114.56 million and a PE ratio of -29.00. The company has a quick ratio of 1.31, a current ratio of 1.45 and a debt-to-equity ratio of 7.71. The stock has a 50 day moving average price of C$0.29 and a two-hundred day moving average price of C$0.29.

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.