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

Goldquest Mining Corp. (CVE:GQC - Get Free Report)'s share price was up 23% on Friday . The company traded as high as C$1.55 and last traded at C$1.55. Approximately 1,473,370 shares changed hands during trading, an increase of 826% from the average daily volume of 159,042 shares. The stock had previously closed at C$1.26.

Goldquest Mining Stock Up 23.0%

The stock's fifty day moving average price is C$0.96 and its two-hundred day moving average price is C$0.75. The company has a market capitalization of C$528.59 million, a PE ratio of -155.00 and a beta of 0.92.

Insider Activity

In other Goldquest Mining news, Director Florian Siegfried sold 171,900 shares of the firm's stock in a transaction dated Monday, October 6th. The shares were 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 in the company, valued at C$14,000,000. This trade represents a 1.51% decrease in their ownership of the stock. Also, insider Luis Santana sold 92,400 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. Insiders sold 500,000 shares of company stock valued at $635,671 over the last 90 days. 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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