With an advance of 7.14%, QMC Quantum Minerals Corp. (CDX:QMC:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.07, shares of QMC:CA opened this morning at $0.075 and closed the day at $0.075. Throughout the day, about 149,000 shares changed hands, compared to an average 30-day volume of 20,337 for QMC Quantum Minerals Corp.. Shares moved as high as $0.075 and as low as $0.07 in today’s trading action.
The share appreciation gives the company a market capitalization of $2.11 million based upon 30.16 million shares outstanding.
In the past 52 weeks, shares of QMC Quantum Minerals Corp. have traded as low as $0.01 and as high as $0.09. Technical traders will take note that at $0.075, shares of QMC:CA are trading above their 50-day moving average (MA) at $0.058 and above their 200-day MA at above $0.049. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them or holding over them is typically regarded as bullish.
Who is $QMC Quantum?
QMC Quantum Minerals Corp is a junior mineral exploration company. The Company is in the process of exploring and evaluating resource properties. Its projects include Cat Lake Lithium Project, Carrot River Project, and Namew Lake District. The company is led by its CEO from its headquarters at 666 Burrard Street.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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