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

Goldquest Mining Corp. (CVE:GQCGet 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 traded hands during mid-day 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 stock has a market capitalization of C$528.59 million, a PE ratio of -155.00 and a beta of 0.92. The stock’s 50 day moving average is C$0.96 and its two-hundred day moving average is C$0.75.

Insider Transactions at Goldquest Mining

In related news, insider Luis Santana sold 200,000 shares of the firm’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of C$1.30, for a total value of C$260,000.00. Following the transaction, the insider directly owned 1,604,941 shares of the company’s stock, valued at approximately C$2,086,423.30. This trade represents a 11.08% decrease in their position. Also, 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 transaction of C$214,875.00. Following the completion of the transaction, the director directly owned 11,200,000 shares in the company, valued at C$14,000,000. This represents a 1.51% decrease in their ownership of the stock. Insiders sold a total of 500,000 shares of company stock worth $635,671 over the last ninety days. 17.36% of the stock is currently owned by corporate insiders.

About Goldquest Mining

(Get Free Report)

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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