Goldquest Mining (CVE:GQC) Stock Price Down 4.9% – Should You Sell?

Goldquest Mining Corp. (CVE:GQCGet Free Report)’s share price was down 4.9% during mid-day trading on Thursday . The stock traded as low as C$1.04 and last traded at C$1.16. Approximately 140,951 shares changed hands during trading, a decline of 79% from the average daily volume of 682,612 shares. The stock had previously closed at C$1.22.

Goldquest Mining Stock Down 7.4%

The firm has a fifty day moving average price of C$1.55 and a 200 day moving average price of C$1.78. The company has a market cap of C$432.57 million, a P/E ratio of -22.60 and a beta of 1.32.

Insider Buying and Selling at Goldquest Mining

In other Goldquest Mining news, Director Patrick Michaels bought 200,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were 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 owned 2,250,000 shares of the company’s stock, valued at approximately C$1,012,500. This trade represents a 9.76% increase in their ownership of the stock. Also, insider Guess Investments Ltd. bought 62,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were acquired 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. Insiders have bought 320,814 shares of company stock worth $141,950 in the last 90 days. Company insiders own 17.36% of the company’s stock.

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.

Further Reading

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