Quazimoto thinks that Quest Minerals and Mining (Stock Symbol: QMNM) could hold the line at .02. If so, a quick trip back to .05 is a good bet. On the flip side, don’t let this one lull you to sleep while it drifts back to obscurity. So far so good. We will be ready to jump on this with any signs of a move to the upside with volume.
According to the website, Quest Minerals & Mining acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest is a holding company for Quest Energy, Ltd., and Gwenco, Inc.
Gwenco leases over 700 acres of coal mines, with approximately 12,999,000 tons of coal in place. In 2007 Gwenco had reopened Gwenco’s deep mine at Pond Creek and has begun production at the Pond Creek seam. This seam of high quality compliance coal is located at Slater’s Branch, South Williamson, Kentucky. Quest Minerals & Mining plans to open another seam by years end.