Goldquest Mining (CVE:GQC) Trading 23% Higher - Time to Buy?

Key Points

• Goldquest Mining Corp.'s stock saw a significant increase of 23% during trading, reaching C$1.55, with a substantial trading volume surge of 826% compared to its average session.
• Insider sales include Luis Santana selling 92,400 shares at an average price of C$1.27, reducing his position by 4.85%, while Director Florian Siegfried sold 171,900 shares, marking a 1.51% decrease in his holdings.
• The company operates primarily in the Dominican Republic, focusing on gold and copper deposits, and holds a 100% interest in the Romero gold-copper project.

Goldquest Mining Corp. (CVE:GQC - )'s stock price traded up 23% during mid-day trading on Friday . The company traded as high as C$1.55 and last traded at C$1.55. 1,473,370 shares changed hands 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 Stock Performance

The firm has a market cap of C$528.59 million, a P/E ratio of -155.00 and a beta of 0.92. The stock has a fifty day simple moving average of C$0.96 and a 200 day simple moving average of C$0.75.

Insiders Place Their Bets

In other Goldquest Mining news, 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 completion of 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 position. Also, 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 value of C$214,875.00. Following the completion of the sale, the director directly owned 11,200,000 shares of the company's stock, valued at approximately C$14,000,000. The trade was a 1.51% decrease in their position. In the last three months, insiders sold 500,000 shares of company stock valued at $635,671. Corporate 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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