Goldquest Mining (CVE:GQC) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Goldquest Mining Corp. (CVE:GQC) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.73 and traded as low as C$0.75. Goldquest Mining shares last traded at C$0.78, with a volume of 125,883 shares traded.

Goldquest Mining Stock Performance

The firm has a market cap of C$298.58 million, a price-to-earnings ratio of -15.60 and a beta of 0.67. The business’s 50 day moving average price is C$1.21 and its 200 day moving average price is C$1.73.

Insider Activity at Goldquest Mining

In related news, insider Guess Investments Ltd. sold 300,000 shares of the 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 completion of the transaction, the insider directly owned 41,244,821 shares of the company’s stock, valued at approximately C$20,622,410.50. This represents a 0.72% decrease in their position. Also, Director Patrick Michaels bought 200,000 shares of Goldquest Mining stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of C$0.45 per share, with a total value of C$90,000.00. Following the completion of the transaction, 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 ownership of the stock. In the last 90 days, insiders bought 320,814 shares of company stock worth $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.