Goldquest Mining (CVE:GQC) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Goldquest Mining Corp. (CVE:GQC)’s stock price crossed 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.

Goldquest Mining Stock Up 4.0%

The firm has a market capitalization of C$298.58 million, a PE ratio of -15.60 and a beta of 0.67. The firm has a 50-day moving average price of C$1.21 and a 200 day moving average price of C$1.73.

Insider Activity at Goldquest Mining

In other news, insider Guess Investments Ltd. purchased 62,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of C$0.43 per share, for a total transaction of C$26,660.00. Following the acquisition, the insider directly owned 42,144,916 shares of the company’s stock, valued at approximately C$18,122,313.88. The trade was a 0.15% increase in their position. Also, Director Patrick Michaels bought 200,000 shares of the stock in a transaction that occurred on 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 purchase, the director owned 2,250,000 shares of the company’s stock, valued at approximately C$1,012,500. This represents a 9.76% increase in their position. In the last ninety days, insiders purchased 320,814 shares of company stock worth $141,950. 17.36% of the stock is owned by corporate insiders.

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.