The stock of Goldquest Mining Corp (CVE:GQC) gapped down by $0.01 today and has $0.24 target or 7.00% below today’s $0.26 share price. The 9 months technical chart setup indicates high risk for the $52.29M company. The gap down was reported on Nov, 23 by Barchart.com. If the $0.24 price target is reached, the company will be worth $3.66 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 142,500 shares traded hands. Goldquest Mining Corp (CVE:GQC) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
More important recent Goldquest Mining Corp (CVE:GQC) news were published by: Business.Financialpost.com which released: “Podcast: Goldquest Mining Corp. chairman Bill Fisher on building a mine in the …” on May 05, 2016, also Marketwired.com published article titled: “GoldQuest Mining to Attend BMO 2015 Global Metals & Mining Conference and PDAC …”, Juniorminingnetwork.com published: “GoldQuest Mining Appoints David Massola as VP, Corporate Development” on October 13, 2016. More interesting news about Goldquest Mining Corp (CVE:GQC) was released by: Globenewswire.com and their article: “Evanachan Limited Files Early Warning Report in Connection With Private …” with publication date: October 19, 2015.
GoldQuest Mining Corp. is a mineral exploration and development company, which operates through the segment, being the evaluation and exploration of mineral exploration properties in Dominican Republic. The company has a market cap of $52.29 million. The Firm focuses on gold-copper projects located within the Tireo Formation in the western portion of the Dominican Republic. It currently has negative earnings.
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