Goldquest Mining (CVE:GQC) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Goldquest Mining Corp. (CVE:GQC)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.39 and traded as low as C$0.85. Goldquest Mining shares last traded at C$0.87, with a volume of 466,247 shares trading hands.

Goldquest Mining Stock Up 2.3%

The firm has a market capitalization of C$340.69 million, a P/E ratio of -17.80 and a beta of 0.67. The firm’s 50-day simple moving average is C$1.36 and its 200-day simple moving average is C$1.75.

Insider Buying and Selling

In other Goldquest Mining news, Director Patrick Michaels acquired 200,000 shares of the stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of C$0.45 per share, for a total transaction of C$90,000.00. Following the acquisition, the director owned 2,250,000 shares in the company, valued at C$1,012,500. The trade was a 9.76% increase in their position. Also, insider Guess Investments Ltd. acquired 62,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average price of C$0.43 per share, with a total value of C$26,660.00. Following the completion of the acquisition, the insider owned 42,144,916 shares in the company, valued at approximately C$18,122,313.88. The trade was a 0.15% increase in their position. Over the last 90 days, insiders bought 320,814 shares of company stock valued at $141,950. 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.