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

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

Goldquest Mining Price Performance

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

Insider Activity at Goldquest Mining

In related news, Director Patrick Michaels acquired 200,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost 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 of the company’s stock, valued at approximately C$1,012,500. The trade was a 9.76% increase in their position. Also, insider Guess Investments Ltd. sold 300,000 shares of the company’s stock in a transaction 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 owned 41,244,821 shares of the company’s stock, valued at approximately C$20,622,410.50. This trade represents a 0.72% decrease in their position. Insiders bought 320,814 shares of company stock valued at $141,950 over the last quarter. Insiders own 17.36% of the company’s stock.

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.