QMX Gold (CVE:QMX) Share Price Passes Below 50 Day Moving Average – Here’s Why

QMX Gold Co. (CVE:QMX)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.29 and traded as low as C$0.29. QMX Gold shares last traded at C$0.29, with a volume of 93,800 shares.

QMX Gold Trading Up 1.8%

The firm’s 50 day moving average price is C$0.29 and its 200-day moving average price is C$0.29. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.45 and a quick ratio of 1.31. The stock has a market cap of C$114.56 million and a P/E ratio of -29.00.

About QMX Gold

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.