Goldquest Mining (CVE:GQC) Hits New 52-Week High - What's Next?

Key Points

• Goldquest Mining Corp. reached a new 52-week high, trading as high as C$1.60, with a market cap of C$528.59 million.
• Insider Luis Santana sold 92,400 shares at C$1.27, representing a 4.85% decrease in their stock position.
• The company primarily focuses on gold and copper exploration in the Dominican Republic, owning key projects like the Romero and Tireo properties.

Goldquest Mining Corp. (CVE:GQC - ) hit a new 52-week high during trading on Saturday . The stock traded as high as C$1.60 and last traded at C$1.55, with a volume of 302746 shares. The stock had previously closed at C$1.55.

Goldquest Mining Stock Performance

The firm has a 50 day simple moving average of C$0.98 and a 200 day simple moving average of C$0.76. The firm has a market cap of C$528.59 million, a P/E ratio of -155.00 and a beta of 0.92.

Insider Activity

In other Goldquest Mining news, insider Luis Santana sold 92,400 shares of the firm's stock in a transaction dated Friday, October 10th. The stock was sold at an average price of C$1.27, for a total value of C$117,348.00. Following the sale, the insider owned 1,812,541 shares of the company's stock, valued at C$2,301,927.07. This trade represents a 4.85% decrease in their position. Also, Director Florian Siegfried sold 171,900 shares of the firm'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 in the company, valued at approximately C$14,000,000. The trade was a 1.51% decrease in their position. In the last ninety days, insiders sold 500,000 shares of company stock worth $635,671. 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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