Goldquest Mining (CVE:GQC) Stock Price Down 11.1% – What’s Next?

Shares of Goldquest Mining Corp. (CVE:GQCGet Free Report) traded down 11.1% on Thursday . The company traded as low as C$0.48 and last traded at C$0.48. 745,673 shares changed hands 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 Stock Down 5.2%

The stock has a fifty day moving average of C$1.98 and a two-hundred day moving average of C$1.87. The stock has a market cap of C$174.17 million, a price-to-earnings ratio of -11.38 and a beta of 1.32.

Insider Buying and Selling at Goldquest Mining

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

Goldquest Mining Company Profile

(Get Free Report)

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.

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