QMX Gold Corp. is a public listed Gold and Base Metal Exploration company (Symbol TSX-V: QMX and Frankfurt: OU2A) with their flagship projects in Val’d Or, Quebec, Canada. The company presented their equity story at our institutional Investment-Conference last March to our professional investors. Since that time lots of positive things happened at the company as well with their Val’d Or neighbour called Integra Gold Corp. Integra was taken over by Eldorado Gold for an attractive premium to market. The result of this acquistion was a new focus of precious metal stock investors seeking for other companies that are active in exploration in the region.
QMX owns 200 km² the largest land package in this very prolific mining region that has a history of hosting many gold mines that harvested muli-million ounces of gold. Soon after the Integra news the company achieved analysts coverage which was picked up consequently in financial media. The result was a big jump in price and average trading volumne. The price rocket by almost 100 % within 3 weeks from 0,20 CAD to 0,40 CAD and the average trading volumne rose to a couple of hundred thousand shares these days. Currently the stock has consolidated the price avances and settles around the 0,30 CAD-0,32 CAD trading level.
QMX has prepared its upcoming drilling program with a detailled preparation work. As all of us know – drill programs cost lots of money and so of course the management want to drill the right targets. If you got intrigued by that emerging exploration story and have interest to dig in deeper i suggest you check out OMX Gold latest August presentation http://s1.q4cdn.com/118255390/files/20170815-QMX-Corporate-Presentation.pdf
For your info QMX is on an investor roadshow in Europe these days.