QTREX Quantum Shares Rise More Than 75 Percent on Tuesday
QTREX Quantum Ltd. stock increased over 75 percent during Tuesday morning trading. The gain follows a 125 percent advance recorded in the prior session.
techcentral.co.zaQTREX Quantum Ltd. (NASDAQ: QTEX) shares rose more than 75 percent on Tuesday morning. The increase follows a 125 percent gain recorded in the previous trading session on Friday. Market indexes also moved higher. 82 percent.
Quantum is in advanced discussions with a top-five global quantum computing systems company regarding a strategic collaboration agreement. The companies have entered a joint technical evaluation phase. Engineering teams are testing QTREX's proprietary additively manufactured electronics interconnect components inside the partner's systems.
Key Facts
Story Timeline
3 events- Friday
QTEX shares rose 125 percent.
1 sourceBenzinga - Tuesday morning
QTEX shares rose more than 75 percent.
1 sourceBenzinga - Tuesday morning
QTEX entered joint technical evaluation with a top-five quantum computing firm.
1 sourceBenzinga
Potential Impact
- 01
Higher share price may increase QTEX's ability to raise capital through equity offerings.
- 02
Successful component testing could lead to a formal supply agreement between the two firms.
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