Goldquest Mining (CVE:GQC) Shares Down 4.9% – Time to Sell?

Goldquest Mining Corp. (CVE:GQC) shares traded down 4.9% during mid-day trading on Thursday . The stock traded as low as C$1.04 and last traded at C$1.16. 140,951 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 682,612 shares. The stock had previously closed at C$1.22.

Goldquest Mining Price Performance

The firm has a 50 day moving average of C$1.50 and a two-hundred day moving average of C$1.77. The stock has a market cap of C$413.43 million, a PE ratio of -21.60 and a beta of 0.67.

Insider Activity at Goldquest Mining

In other news, Director Patrick Michaels purchased 200,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of C$0.45 per share, for a total transaction of C$90,000.00. Following the completion of the transaction, the director directly owned 2,250,000 shares in the company, valued at C$1,012,500. This represents a 9.76% increase in their position. Also, insider Guess Investments Ltd. purchased 62,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was purchased 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 of the company’s stock, valued at approximately C$18,122,313.88. This represents a 0.15% increase in their ownership of the stock. Insiders have bought 320,814 shares of company stock valued at $141,950 in the last 90 days. Company insiders own 17.36% of the company’s stock.

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.