Goldquest Mining (CVE:GQC) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Goldquest Mining Corp. (CVE:GQC) passed below its 50 day moving average during trading on Thursday . The stock has a 50 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 traded.

Goldquest Mining Trading Up 1.2%

The firm has a market capitalization of C$333.04 million, a P/E ratio of -17.40 and a beta of 0.67. The business’s fifty day moving average is C$1.39 and its 200 day moving average is C$1.76.

Insiders Place Their Bets

In related news, insider Guess Investments Ltd. sold 300,000 shares of Goldquest Mining stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$0.50, for a total value of C$150,000.00. Following the transaction, the insider directly owned 41,244,821 shares in the company, valued at C$20,622,410.50. The trade was a 0.72% decrease in their position. Also, Director Patrick Michaels bought 200,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average price of C$0.45 per share, for a total transaction of C$90,000.00. Following the completion of the acquisition, the director directly 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. Insiders purchased a total of 320,814 shares of company stock worth $141,950 over the last 90 days. 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.