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

Goldquest Mining Corp. (CVE:GQC)’s share 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 trading hands.

Goldquest Mining Stock Performance

The stock has a 50-day moving average of C$1.83 and a 200-day moving average of C$1.84. The firm has a market cap of C$164.60 million, a price-to-earnings ratio of -10.75 and a beta of 1.32.

Insider Buying and Selling

In other news, Director Patrick Michaels bought 200,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of C$0.45 per share, with a total value of C$90,000.00. Following the transaction, the director owned 2,250,000 shares in the company, valued at C$1,012,500. This represents a 9.76% increase in their ownership of the stock. Also, insider Guess Investments Ltd. sold 300,000 shares of Goldquest Mining stock in a transaction that occurred 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 approximately C$20,622,410.50. This represents a 0.72% decrease in their position. 17.36% of the stock is currently owned by company 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.