Goldquest Mining (CVE:GQC) Stock Price Up 23% - Should You Buy?

Key Points

• Goldquest Mining Corp. shares increased by 23% to C$1.55, with trading volume soaring to approximately 1.47 million shares, significantly above its average of 159,042 shares.
• Insider trades revealed that Luis Santana sold 200,000 shares for C$260,000, representing an 11.08% reduction in his holdings.
• The company, with a market cap of C$528.59 million, focuses on the exploration of gold and copper properties in the Dominican Republic, notably owning a 100% interest in the Romero project.

Shares of Goldquest Mining Corp. (CVE:GQC - ) rose 23% during trading on Friday . The company traded as high as C$1.55 and last traded at C$1.55. Approximately 1,473,370 shares were traded 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 Price Performance

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

Insider Buying and Selling

In related news, insider Luis Santana sold 200,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider owned 1,604,941 shares in the company, valued at C$2,086,423.30. This trade represents a 11.08% decrease in their position. Also, Director Florian Siegfried sold 171,900 shares of the firm's stock in a transaction that occurred on 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 transaction, the director owned 11,200,000 shares of the company's stock, valued at approximately C$14,000,000. This trade represents a 1.51% decrease in their position. In the last quarter, insiders sold 500,000 shares of company stock valued at $635,671. 17.36% of the stock is 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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