Goldquest Mining (CVE:GQC) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Goldquest Mining Corp. (CVE:GQCGet Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.76 and traded as low as C$0.68. Goldquest Mining shares last traded at C$0.72, with a volume of 130,050 shares.

Goldquest Mining Price Performance

The stock has a 50-day moving average price of C$0.77 and a two-hundred day moving average price of C$1.58. The stock has a market cap of C$279.44 million, a PE ratio of -14.60 and a beta of 0.61.

Insider Activity at Goldquest Mining

In other news, insider Guess Investments Ltd. sold 300,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$0.50, for a total transaction of C$150,000.00. Following the completion of the transaction, the insider directly owned 41,244,821 shares in the company, 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 the stock in a transaction dated Monday, May 11th. The shares were purchased 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 in the company, valued at approximately C$1,012,500. The trade was a 9.76% increase in their position. Insiders have acquired a total of 320,814 shares of company stock valued at $141,950 in the last 90 days. 17.36% of the stock is currently owned by company insiders.

About Goldquest Mining

(Get Free Report)

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.

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