Goldquest Mining (CVE:GQC) Trading 23% Higher - Here's What Happened

Key Points

• Goldquest Mining Corp. shares surged 23% during trading, reaching a price of C$1.55, with trading volume increasing significantly to approximately 1,473,370 shares.
• Insider activity included the sale of 171,900 shares by Director Florian Siegfried and 92,400 shares by insider Luis Santana, with insiders collectively selling 500,000 shares in the last 90 days.
• The company focuses on the exploration of gold and copper deposits in the Dominican Republic, primarily owning the Romero gold-copper project and the Tireo property.

Goldquest Mining Corp. (CVE:GQC - ) shares rose 23% during trading on Thursday . The stock traded as high as C$1.55 and last traded at C$1.55. Approximately 1,473,370 shares changed hands during mid-day trading, an increase of 827% from the average daily volume of 159,018 shares. The stock had previously closed at C$1.26.

Goldquest Mining Stock Up 23.0%

The company has a market capitalization of C$528.59 million, a P/E ratio of -155.00 and a beta of 0.92. The business has a fifty day moving average price of C$0.94 and a 200 day moving average price of C$0.74.

Insider Activity at Goldquest Mining

In other Goldquest Mining news, Director Florian Siegfried sold 171,900 shares of the business's 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 sale, the director owned 11,200,000 shares in the company, valued at approximately C$14,000,000. The trade was a 1.51% decrease in their position. Also, insider Luis Santana sold 92,400 shares of the business's stock in a transaction on Friday, October 10th. The stock was sold at an average price of C$1.27, for a total transaction of C$117,348.00. Following the completion of the sale, the insider directly owned 1,812,541 shares in the company, valued at approximately C$2,301,927.07. This represents a 4.85% decrease in their position. Insiders sold a total of 500,000 shares of company stock worth $635,671 in the last 90 days. Company insiders own 17.36% of the company's stock.

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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