Goldquest Mining (CVE:GQC) Director Patrick Michaels Acquires 200,000 Shares of Stock

Goldquest Mining Corp. (CVE:GQC) Director Patrick Michaels bought 200,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of C$0.45 per share, for a total transaction of C$90,000.00. Following the completion of the acquisition, the director owned 2,250,000 shares in the company, valued at approximately C$1,012,500. This trade represents a 9.76% increase in their ownership of the stock.

Goldquest Mining Trading Up 1.1%

Shares of CVE:GQC opened at C$0.46 on Tuesday. The firm has a 50 day moving average of C$2.13 and a 200-day moving average of C$1.90. Goldquest Mining Corp. has a 12 month low of C$0.38 and a 12 month high of C$2.70. The stock has a market capitalization of C$174.17 million, a PE ratio of -11.38 and a beta of 1.32.

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.