Goldquest Mining (CVE:GQC) Shares Down 11.1% – Should You Sell?

Goldquest Mining Corp. (CVE:GQC) shares fell 11.1% during mid-day trading on Thursday . The company traded as low as C$0.48 and last traded at C$0.48. 745,673 shares were traded during trading, an increase of 21% from the average session volume of 615,349 shares. The stock had previously closed at C$0.54.

Goldquest Mining Price Performance

The stock’s 50-day moving average is C$2.06 and its two-hundred day moving average is C$1.89. The stock has a market cap of C$183.74 million, a P/E ratio of -12.00 and a beta of 1.32.

Insiders Place Their Bets

In other news, insider Guess Investments Ltd. sold 300,000 shares of Goldquest Mining stock in a transaction 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 completion of the sale, the insider directly owned 41,244,821 shares in the company, valued at approximately C$20,622,410.50. This trade represents a 0.72% decrease in their ownership of the stock. Also, Director Patrick Michaels purchased 200,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of C$0.45 per share, with a total value of C$90,000.00. Following the acquisition, the director directly owned 2,250,000 shares of the company’s stock, valued at C$1,012,500. This trade represents a 9.76% increase in their position. Company 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.