An Insider at Quest Resource (NASDAQ: QRHC) is Selling Shares

By Carrie Williams

Today, an Insider at Quest Resource (QRHCResearch Report), Mitchell Saltz, sold shares of QRHC for $6.43M.

This is Saltz’s first transaction since reporting a Sell transaction on AOBC back in December 2010 In addition to Mitchell Saltz, one other QRHC executive reported Sell trades in the last month.

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Based on Quest Resource’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $25.26 million and quarterly net profit of $93K. In comparison, last year the company earned revenue of $24.7 million and had a GAAP net loss of $1.31 million. Currently, Quest Resource has an average volume of 120.8K.

Mitchell Saltz’s trades have generated a 14.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Quest Resource Holding Corp. engages in the provision of reuse, recycling, and disposal services. It focuses on the waste streams and recyclables from big box, food chain, and other retailers; automotive repair, maintenance, and tire operations; truck and bus fleet operators; manufacturing plants; multi-family and commercial properties; and construction and demolition projects. The company was founded by Jeffrey I. Rassas on August 22, 2008 and is headquartered in The Colony, TX.