Gold X Mining (CVE:GLDX) Trading 1.4% Higher – Here’s Why

Gold X Mining Corp. (CVE:GLDX) was up 1.4% during mid-day trading on Tuesday . The stock traded as high as C$3.62 and last traded at C$3.61. Approximately 99,627 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 142,149 shares. The stock had previously closed at C$3.56.

Gold X Mining Stock Performance

The stock has a market cap of C$191.45 million and a PE ratio of -6.69. The firm has a fifty day moving average price of C$3.61 and a 200 day moving average price of C$3.61.

Gold X Mining Company Profile

Gold X Mining Corp., a Canadian junior mining company, engages in developing the Toroparu Gold Project in Guyana, South America. Its Toroparu project comprises 100% owned Upper Puruni Concession, which covers an area of 53,844 hectares located in the Cuyuni-Mazaruni Region of Western Guyana. The company also holds Chicharron Project located in the Segovia mining title. The company was formerly known as Sandspring Resources Ltd. and changed its name to Gold X Mining Corp. in November 2019. Gold X Mining Corp.