Goldquest Mining (CVE:GQC) Trading 7.9% Higher – What’s Next?

Goldquest Mining Corp. (CVE:GQC)’s stock price rose 7.9% during trading on Thursday . The stock traded as high as C$1.51 and last traded at C$1.51. Approximately 193,198 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 174,666 shares. The stock had previously closed at C$1.40.

Goldquest Mining Stock Performance

The company’s 50 day moving average price is C$1.49 and its 200 day moving average price is C$1.02. The company has a market cap of C$521.68 million, a price-to-earnings ratio of -76.00 and a beta of 1.27.

Insider Activity

In related news, insider Luis Santana sold 92,400 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of C$1.27, for a total transaction of C$117,348.00. Following the sale, the insider directly owned 1,812,541 shares in the company, valued at C$2,301,927.07. This represents a 4.85% decrease in their position. Also, Director Florian Siegfried sold 171,900 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of C$1.25, for a total value of C$214,875.00. Following the sale, the director directly owned 11,200,000 shares of the company’s stock, valued at C$14,000,000. This represents a 1.51% decrease in their ownership of the stock. Insiders have sold 500,000 shares of company stock worth $635,671 over the last ninety days. Insiders own 17.36% of the company’s stock.

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.