Goldquest Mining (CVE:GQC) Shares Cross Below Fifty Day Moving Average – What’s Next?

Goldquest Mining Corp. (CVE:GQC)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.83 and traded as low as C$0.42. Goldquest Mining shares last traded at C$0.43, with a volume of 200,221 shares.

Goldquest Mining Stock Performance

The stock has a market cap of C$164.60 million, a price-to-earnings ratio of -10.75 and a beta of 1.32. The company has a 50-day simple moving average of C$1.83 and a two-hundred day simple moving average of C$1.84.

Insider Activity at Goldquest Mining

In other Goldquest Mining news, insider Guess Investments Ltd. sold 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$0.50, for a total transaction of C$150,000.00. Following the transaction, the insider owned 41,244,821 shares of the company’s stock, valued at C$20,622,410.50. The trade was a 0.72% decrease in their position. Also, Director Patrick Michaels purchased 200,000 shares of the stock in a transaction on Monday, May 11th. The shares were bought at an average cost of C$0.45 per share, for a total transaction of C$90,000.00. Following the transaction, the director directly owned 2,250,000 shares in the company, valued at approximately C$1,012,500. The trade was a 9.76% increase in their ownership of the stock. 17.36% of the stock is owned by 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.