QMC Quantum Minerals (CVE:QMC) Shares Up 66.7% – Time to Buy?

QMC Quantum Minerals Corp (CVE:QMC)’s stock price shot up 66.7% during mid-day trading on Wednesday . The company traded as high as C$0.09 and last traded at C$0.08. 580,194 shares changed hands during mid-day trading, an increase of 1,730% from the average session volume of 31,711 shares. The stock had previously closed at C$0.05.

QMC Quantum Minerals Price Performance

The stock has a market cap of C$7.81 million, a P/E ratio of -11.07 and a beta of -0.32. The company has a debt-to-equity ratio of 5.81, a quick ratio of 0.15 and a current ratio of 0.04. The business has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.05.

About QMC Quantum Minerals

QMC Quantum Minerals Corp., an exploration stage company, engages in the acquisition, evaluation, exploration, and development of resource properties in Canada. The company explores for lithium, copper, nickel, gold, silver, palladium, platinum, and zinc deposits. Its flagship project is the Irgon Lithium Mine property that consists of 22 mineral claims covering an area of approximately 11,325 acres located in Manitoba, Canada.