Goldquest Mining (CVE:GQC) Shares Up 23% - Here's Why

Key Points

• Goldquest Mining Corp. (CVE:GQC) experienced a significant stock price increase of 23%, reaching C$1.55 during mid-day trading, with a trading volume surge of 826% compared to its average daily volume.
• Insider activity includes significant stock sales, with Director Florian Siegfried selling 171,900 shares and insider Luis Santana selling 92,400 shares, indicating a decrease in their ownership percentages.
• The company focuses on mineral exploration in the Dominican Republic, particularly for gold and copper, and owns a 100% interest in the Romero gold-copper project.

Goldquest Mining Corp. (CVE:GQC - )'s stock price was up 23% during mid-day trading on Thursday . The stock traded as high as C$1.55 and last traded at C$1.55. Approximately 1,473,370 shares changed hands during mid-day trading, an increase of 826% from the average daily volume of 159,042 shares. The stock had previously closed at C$1.26.

Goldquest Mining Stock Up 23.0%

The firm has a 50 day simple moving average of C$0.94 and a 200-day simple moving average of C$0.74. The stock has a market cap of C$528.59 million, a P/E ratio of -155.00 and a beta of 0.92.

Insider Activity at Goldquest Mining

In other Goldquest Mining news, Director Florian Siegfried sold 171,900 shares of the company's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of C$1.25, for a total value of C$214,875.00. Following the sale, the director owned 11,200,000 shares in the company, valued at C$14,000,000. This represents a 1.51% decrease in their ownership of the stock. Also, insider Luis Santana sold 92,400 shares of the company's stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of C$1.27, for a total value of C$117,348.00. Following the completion of the sale, the insider owned 1,812,541 shares in the company, valued at C$2,301,927.07. This represents a 4.85% decrease in their position. Insiders sold 500,000 shares of company stock worth $635,671 in the last 90 days. Corporate 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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