Goldquest Mining (CVE:GQC) Hits New 1-Year High - Should You Buy?

Key Points

• Goldquest Mining Corp. stock reached a new 52-week high of C$1.30 during trading, closing at C$1.29 with over 1.1 million shares exchanged.
• The company has a market capitalization of approximately C$433.10 million and a price-to-earnings ratio of -127.00, indicating it is currently not profitable.
• Insider trading was noted as Director Florian Siegfried sold 171,900 shares at C$1.25, resulting in a 1.51% decrease in his ownership stake, although he still holds 11.2 million shares valued around C$14 million.

Goldquest Mining Corp. (CVE:GQC - )'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$1.30 and last traded at C$1.29, with a volume of 1101613 shares trading hands. The stock had previously closed at C$1.25.

Goldquest Mining Price Performance

The company has a market cap of C$433.10 million, a price-to-earnings ratio of -127.00 and a beta of 0.92. The business's fifty day moving average price is C$0.81 and its 200 day moving average price is C$0.68.

Insider Transactions at Goldquest Mining

In other Goldquest Mining news, Director Florian Siegfried sold 171,900 shares of the company's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of C$1.25, for a total value of C$214,875.00. Following the completion of the sale, the director directly owned 11,200,000 shares of the company's stock, valued at approximately C$14,000,000. This represents a 1.51% decrease in their position. Insiders own 17.36% of the company's stock.

About Goldquest Mining

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.

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