QMC Quantum Minerals (CVE:QMC) Hits New 1-Year Low – Here’s Why

Shares of QMC Quantum Minerals Corp (CVE:QMC) reached a new 52-week low during trading on Friday. The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 12,500 shares changing hands. The stock had previously closed at C$0.04.

QMC Quantum Minerals Price Performance

The company has a debt-to-equity ratio of 10.40, a current ratio of 0.03 and a quick ratio of 0.14. The firm has a market capitalization of C$3.12 million, a P/E ratio of -11.07 and a beta of -0.90. The firm’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is 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. QMC Quantum Minerals Corp. was incorporated in 2003 and is based in Vancouver, Canada.