Goldquest Mining (CVE:GQC) Trading 17.5% Higher - Here's What Happened

Key Points

• Goldquest Mining Corp. experienced a 17.5% increase in stock price, reaching up to C$1.52, with a significant rise in trading volume of 716% compared to its average.
• Insider trading activity included director Florian Siegfried selling 171,900 shares for C$1.25 each, reducing his ownership by 1.51%, while another insider, Luis Santana, sold 200,000 shares at C$1.30, representing an 11.08% decrease in his stake.
• Goldquest Mining primarily focuses on the exploration of gold and copper deposits in the Dominican Republic, holding key interests in the Romero gold-copper project and Tireo property.

Goldquest Mining Corp. (CVE:GQC - ) traded up 17.5% during mid-day trading on Thursday . The stock traded as high as C$1.52 and last traded at C$1.48. 1,284,806 shares changed hands during mid-day trading, an increase of 716% from the average session volume of 157,448 shares. The stock had previously closed at C$1.26.

Goldquest Mining Stock Up 20.6%

The stock has a market capitalization of C$518.35 million, a price-to-earnings ratio of -152.00 and a beta of 0.92. The business's 50-day moving average is C$0.94 and its two-hundred day moving average is C$0.74.

Insider Activity at Goldquest Mining

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

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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