Goldquest Mining (CVE:GQC) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Shares of Goldquest Mining Corp. (CVE:GQC) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.80 and traded as low as C$0.78. Goldquest Mining shares last traded at C$0.78, with a volume of 185,436 shares trading hands.

Goldquest Mining Stock Performance

The firm has a market capitalization of C$298.58 million, a PE ratio of -15.60 and a beta of 0.61. The stock’s 50 day simple moving average is C$0.80 and its two-hundred day simple moving average is C$1.55.

Insider Activity at Goldquest Mining

In related news, insider Guess Investments Ltd. acquired 62,000 shares of Goldquest Mining stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average price of C$0.43 per share, for a total transaction of C$26,660.00. Following the completion of the transaction, the insider owned 42,144,916 shares in the company, valued at C$18,122,313.88. This represents a 0.15% increase in their position. Also, Director Patrick Michaels acquired 200,000 shares of Goldquest Mining stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of C$0.45 per share, for a total transaction of C$90,000.00. Following the transaction, the director owned 2,250,000 shares of the company’s stock, valued at C$1,012,500. This represents a 9.76% increase in their position. In the last ninety days, insiders purchased 320,814 shares of company stock valued at $141,950. Insiders own 17.36% of the company’s stock.

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.