Goldquest Mining (CVE:GQC) Stock Price Up 21.4% - What's Next?

Key Points

• Goldquest Mining Corp.'s stock price surged by 21.4% on Thursday, reaching a high of C$1.55, with trading volume increasing significantly to 1,453,086 shares, up 814% from the average.
• Insider transactions revealed that two directors sold a total of 264,300 shares, indicating a decrease in their ownership stakes in the company.
• The company holds a market cap of C$528.59 million and primarily engages in the exploration of gold and copper deposits in the Dominican Republic.

Goldquest Mining Corp. (CVE:GQC - ) rose 21.4% during trading on Thursday . The stock traded as high as C$1.55 and last traded at C$1.53. Approximately 1,453,086 shares were traded during trading, an increase of 814% from the average daily volume of 158,931 shares. The stock had previously closed at C$1.26.

Goldquest Mining Stock Up 23.0%

The firm's 50 day simple moving average is C$0.94 and its 200 day simple moving average is C$0.74. The company has a market capitalization of C$528.59 million, a PE ratio of -155.00 and a beta of 0.92.

Insider Buying and Selling at Goldquest Mining

In other news, 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 transaction 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. This trade represents a 1.51% decrease in their ownership of the stock. Also, insider Luis Santana sold 92,400 shares of Goldquest Mining stock in a transaction on 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 approximately C$2,301,927.07. This trade represents a 4.85% decrease in their ownership of the stock. Over the last quarter, insiders have sold 500,000 shares of company stock valued at $635,671. Corporate 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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