Goldquest Mining (CVE:GQC) Shares Down 7.8% - Here's Why

Key Points

• Shares fell 7.8% intraday to C$2.13 (as low as C$2.02) on Monday, with volume of about 74,248 shares—an 84% decline from the average daily volume.
• The company has a market cap of C$804.98 million and a negative P/E of -106.50; the stock is trading below its 50‑day SMA (C$2.23) but above its 200‑day SMA (C$1.67).
• Goldquest is a Dominican Republic-focused gold and copper explorer that owns a 100% interest in the Romero gold‑copper project and holds the Tireo property.

Goldquest Mining Corp. (CVE:GQC - ) shares were down 7.8% during mid-day trading on Monday . The company traded as low as C$2.02 and last traded at C$2.13. Approximately 74,248 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 460,672 shares. The stock had previously closed at C$2.31.

Goldquest Mining Stock Performance

The stock has a market cap of C$804.98 million, a price-to-earnings ratio of -106.50 and a beta of 1.03. The company's 50 day simple moving average is C$2.23 and its 200 day simple moving average is C$1.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.