Goldquest Mining (CVE:GQC) Trading Up 23% - Still a Buy?

Key Points

• Goldquest Mining Corp. shares rose by 23% to C$1.55, with trading volume increasing by 826% compared to the daily average.
• Insiders Luis Santana and Florian Siegfried sold significant shares, with Santana's sale representing a 4.85% decrease in his holdings and Siegfried's a 1.51% decrease.
• The company has a market capitalization of C$528.59 million and primarily explores for gold and copper in the Dominican Republic.

Goldquest Mining Corp. (CVE:GQC - )'s share price rose 23% during mid-day trading on Thursday . 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 Trading Up 23.0%

The company 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 fifty day simple moving average is C$0.94 and its 200-day simple moving average is C$0.74.

Insider Buying and Selling

In other Goldquest Mining news, insider Luis Santana sold 92,400 shares of the stock in a transaction that occurred on 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 in the company, valued at C$2,301,927.07. This represents a 4.85% decrease in their position. Also, Director Florian Siegfried sold 171,900 shares of the 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 transaction 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. This trade represents a 1.51% decrease in their ownership of the stock. Over the last quarter, insiders have sold 500,000 shares of company stock worth $635,671. 17.36% of the stock is owned by company insiders.

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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