Goldquest Mining (CVE:GQC) Shares Up 17.1% - Here's Why

Key Points

• Shares jumped 17.1% on Friday to C$0.48, trading as high as C$0.48 on a volume of 2,647,794 shares—a 363% increase versus the average session volume.
• Goldquest has a market cap of C$188.96 million and a negative P/E of -12.50, and it owns key exploration assets in the Dominican Republic including a 100% interest in the Romero gold‑copper project (3,997 ha) and the Tireo concessions (20,076 ha).

Goldquest Mining Corp. (CVE:GQC - )'s share price shot up 17.1% during trading on Friday . The company traded as high as C$0.48 and last traded at C$0.48. 2,647,794 shares were traded during trading, an increase of 363% from the average session volume of 572,362 shares. The stock had previously closed at C$0.41.

Goldquest Mining Price Performance

The stock has a market cap of C$188.96 million, a price-to-earnings ratio of -12.50 and a beta of 1.32. The stock has a fifty day moving average of C$2.20 and a 200 day moving average of C$1.91.

Goldquest Mining Company Profile

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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