Goldquest Mining (CVE:GQC) Trading 23% Higher - What's Next?

Key Points

• Goldquest Mining Corp. experienced a significant stock price increase of 23%, reaching C$1.55 during Thursday's trading session, with a trading volume surge of 826% compared to the average.
• Recent insider transactions included the sale of 92,400 shares by Luis Santana and 171,900 shares by Director Florian Siegfried, indicating a decrease in insider ownership of the company.
• The company focuses on the exploration of gold and copper deposits in the Dominican Republic, particularly notable for its 100% ownership of the Romero gold-copper project.

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

The firm has a 50 day simple moving average of C$0.96 and a 200-day simple moving average of C$0.75. 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.

Insider Buying and Selling at Goldquest Mining

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