Goldquest Mining (CVE:GQC) Shares Up 23% - Time to Buy?

Key Points

• Goldquest Mining Corp.'s share price increased by 23% on Thursday, reaching C$1.55 with a trading volume surge of 826% compared to its average.
• Recent insider trading activity includes Luis Santana selling 200,000 shares and Florian Siegfried selling 171,900 shares, indicating a decline in their ownership positions.
• The company primarily focuses on exploring gold and copper deposits in the Dominican Republic, particularly through its 100% owned Romero gold-copper project.

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

Goldquest Mining Stock Up 23.0%

The business's 50 day simple moving average is C$0.96 and its two-hundred day simple moving average is C$0.75. The stock has a market capitalization of C$528.59 million, a P/E ratio of -155.00 and a beta of 0.92.

Insider Buying and Selling at Goldquest Mining

In other news, insider Luis Santana sold 200,000 shares of Goldquest Mining stock in a transaction on Friday, October 10th. The stock was sold at an average price of C$1.30, for a total transaction of C$260,000.00. Following the sale, the insider directly owned 1,604,941 shares in the company, valued at C$2,086,423.30. The trade was a 11.08% decrease in their position. Also, Director Florian Siegfried sold 171,900 shares of Goldquest Mining stock in a transaction 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. The trade was a 1.51% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 500,000 shares of company stock worth $635,671. Company insiders own 17.36% of the company's stock.

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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