Goldquest Mining (CVE:GQC) Shares Up 23% – What’s Next?

Goldquest Mining Corp. (CVE:GQC)’s share price was up 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 were traded 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 firm has a market cap of C$528.59 million, a price-to-earnings ratio of -155.00 and a beta of 0.92. The business’s 50 day moving average price is C$0.96 and its 200-day moving average price is C$0.75.

Insider Activity

In related news, insider Luis Santana sold 92,400 shares of the stock in a transaction dated 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 owned 1,812,541 shares in the company, valued at C$2,301,927.07. This represents a 4.85% decrease in their ownership of the stock. Also, Director Florian Siegfried sold 171,900 shares of the stock in a transaction dated 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 position. In 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.