Goldquest Mining (CVE:GQC) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Goldquest Mining Corp. (CVE:GQCGet Free Report) 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.

Goldquest Mining Stock Performance

The stock has a market cap of C$298.58 million, a PE ratio of -15.60 and a beta of 0.61. The company’s 50-day moving average price is C$0.80 and its 200 day moving average price is C$1.55.

Insider Buying and Selling at Goldquest Mining

In other Goldquest Mining news, insider Guess Investments Ltd. bought 62,000 shares of Goldquest Mining stock in a transaction on Tuesday, May 19th. The shares were bought 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 directly owned 42,144,916 shares of the company’s stock, valued at C$18,122,313.88. This trade represents a 0.15% increase in their ownership of the stock. Also, Director Patrick Michaels purchased 200,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of C$0.45 per share, for a total transaction of C$90,000.00. Following the purchase, the director 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. In the last three months, insiders have acquired 320,814 shares of company stock valued at $141,950. 17.36% of the stock is owned by 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.

Further Reading

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