Goldquest Mining (CVE:GQC) Trading Up 8.3% – What’s Next?

Goldquest Mining Corp. (CVE:GQCGet Free Report)’s share price rose 8.3% during trading on Tuesday . The stock traded as high as C$0.83 and last traded at C$0.78. 126,604 shares were traded during trading, a decline of 77% from the average session volume of 558,371 shares. The stock had previously closed at C$0.72.

Goldquest Mining Price Performance

The stock has a market capitalization of C$290.93 million, a price-to-earnings ratio of -15.20 and a beta of 0.61. The business has a 50 day simple moving average of C$0.76 and a 200-day simple moving average of C$1.59.

Insider Transactions at Goldquest Mining

In other Goldquest Mining news, Director Patrick Michaels acquired 200,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of C$0.45 per share, for a total transaction of C$90,000.00. Following the acquisition, the director directly owned 2,250,000 shares of the company’s stock, valued at approximately C$1,012,500. This trade represents a 9.76% increase in their position. Also, insider Guess Investments Ltd. acquired 62,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average price of C$0.43 per share, with a total value of C$26,660.00. Following the completion of the transaction, the insider directly owned 42,144,916 shares in the company, valued at C$18,122,313.88. This trade represents a 0.15% increase in their position. In the last ninety days, insiders have bought 320,814 shares of company stock worth $141,950. 17.36% of the stock is currently owned by insiders.

Goldquest Mining Company Profile

(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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