Goldquest Mining (CVE:GQC) Shares Cross Below Fifty Day Moving Average – Here’s Why

Shares of Goldquest Mining Corp. (CVE:GQC) 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 Trading Up 1.3%

The stock has a market cap of C$302.41 million, a price-to-earnings ratio of -15.80 and a beta of 0.62. The company has a 50 day simple moving average of C$0.81 and a 200-day simple moving average of C$1.54.

Insider Transactions at Goldquest Mining

In other news, insider Guess Investments Ltd. bought 62,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average price of C$0.43 per share, with a total value of C$26,660.00. Following the transaction, the insider owned 42,144,916 shares in the company, valued at C$18,122,313.88. This represents a 0.15% increase in their ownership of the stock. Also, Director Patrick Michaels bought 200,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was purchased at an average price of C$0.45 per share, for a total transaction of C$90,000.00. Following the purchase, the director directly owned 2,250,000 shares in the company, valued at approximately C$1,012,500. This represents a 9.76% increase in their position. Over the last quarter, insiders have purchased 320,814 shares of company stock valued at $141,950. 17.36% of the stock is owned by corporate insiders.

Goldquest Mining Company Profile

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.