Goldquest Mining (CVE:GQC) Shares Up 23% - What's Next?

Key Points

• Goldquest Mining Corp. shares surged by 23% during trading, reaching a price of C$1.55, with trading volume increasing 826% compared to the average.
• Insider sales included notable transactions by Luis Santana and Florian Siegfried, who collectively sold over 371,900 shares for approximately C$475,000, indicating decreased positions in the company.
• The company, which focuses on gold and copper exploration in the Dominican Republic, has a market capitalization of C$528.59 million and a current price-to-earnings ratio of -155.00.

Shares of Goldquest Mining Corp. (CVE:GQC - ) shot up 23% during trading 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 Performance

The stock has a market cap of C$528.59 million, a price-to-earnings ratio of -155.00 and a beta of 0.92. The business's fifty day simple moving average is C$0.96 and its 200 day simple moving average is C$0.75.

Insiders Place Their Bets

In other Goldquest Mining news, insider Luis Santana sold 200,000 shares of the business's stock in a transaction on Friday, October 10th. The shares were sold at an average price of C$1.30, for a total value of C$260,000.00. Following the transaction, the insider 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 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 transaction of C$214,875.00. Following the completion of the sale, the director owned 11,200,000 shares in the company, valued at approximately C$14,000,000. This trade represents a 1.51% decrease in their position. Insiders sold a total of 500,000 shares of company stock worth $635,671 in the last quarter. 17.36% of the stock is currently owned by company insiders.

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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