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

Key Points

• Goldquest Mining Corp. (CVE:GQC) saw its share price rise by 23% to C$1.55, with trading volume increasing by 826% compared to its average daily volume.
• Insider transactions included the sale of 171,900 shares by Director Florian Siegfried and 92,400 shares by insider Luis Santana, resulting in a decrease of their stock ownership by 1.51% and 4.85% respectively.
• The company focuses on mining exploration in the Dominican Republic, particularly in gold and copper, holding a 100% interest in the Romero gold-copper project.

Goldquest Mining Corp. (CVE:GQC - )'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 were traded 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 Performance

The business has a 50-day simple moving average of C$0.96 and a two-hundred day simple moving average of C$0.75. 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.

Insider Buying and Selling

In other news, Director Florian Siegfried sold 171,900 shares of the firm's 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 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 C$14,000,000. This trade represents a 1.51% decrease in their position. Also, insider Luis Santana sold 92,400 shares of the firm's 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 value of C$117,348.00. Following the completion of the sale, the insider directly owned 1,812,541 shares of the company's stock, valued at C$2,301,927.07. This represents a 4.85% decrease in their ownership of the stock. Insiders have sold a total of 500,000 shares of company stock valued at $635,671 over the last ninety days. 17.36% of the stock is owned by 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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