Goldquest Mining (CVE:GQC) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Goldquest Mining Corp. (CVE:GQC) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.24 and traded as high as C$1.70. Goldquest Mining shares last traded at C$1.65, with a volume of 85,383 shares.

Goldquest Mining Stock Performance

The firm’s 50-day moving average price is C$1.24 and its two-hundred day moving average price is C$0.87. The stock has a market cap of C$562.69 million, a price-to-earnings ratio of -165.00 and a beta of 1.14.

Insider Activity

In other Goldquest Mining news, Director Florian Siegfried sold 171,900 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of C$1.25, for a total value of C$214,875.00. Following the transaction, the director directly owned 11,200,000 shares in the company, valued at C$14,000,000. The trade was a 1.51% decrease in their position. Also, insider Luis Santana sold 200,000 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of C$1.30, for a total transaction of C$260,000.00. Following the completion of the sale, the insider directly owned 1,604,941 shares of the company’s stock, valued at approximately C$2,086,423.30. This trade represents a 11.08% decrease in their position. Insiders sold a total of 500,000 shares of company stock worth $635,671 over the last quarter. 17.36% of the stock is currently owned by company insiders.

About Goldquest Mining

Goldquest Mining Corp., together with its subsidiaries, engages in the identification, acquisition, and exploration of mineral properties in the Dominican Republic. The company primarily explores for gold and copper deposits. It primarily owns a 100% interest in the Romero gold-copper project that comprises two mineral deposits covering an area of 3,997 hectares located to the south of the Central Cordillera of Hispaniola; and the Tireo property comprising 13 concessions covering an area of 20,076 hectares located in the province of San Juan de la Maguana, the Dominican Republic.