Goldquest Mining (CVE:GQC) Trading 23% Higher - Should You Buy?

Key Points

• Goldquest Mining Corp.'s stock price increased by 23% on Thursday, reaching C$1.55, with trading volume soaring 826% compared to the average session.
• The company, focused on mineral exploration in the Dominican Republic, has a market capitalization of C$528.59 million and a negative price-to-earnings ratio of -155.00.
• Recent insider trading includes sales of approximately 264,300 shares by two insiders, indicating a slight decrease in their ownership stakes.

Goldquest Mining Corp. (CVE:GQC - )'s stock price traded up 23% on Thursday . The company traded as high as C$1.55 and last traded at C$1.55. 1,473,370 shares were traded during 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 Trading Up 23.0%

The stock has a market capitalization of C$528.59 million, a price-to-earnings ratio of -155.00 and a beta of 0.92. The stock's 50 day moving average is C$0.96 and its 200 day moving average is C$0.75.

Insider Activity

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.