Goldquest Mining (CVE:GQC) Stock Price Up 7.9% – Time to Buy?

Goldquest Mining Corp. (CVE:GQC) shares rose 7.9% during trading on Thursday . The company 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 Trading Up 8.6%

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

Insider Activity

In other news, insider Luis Santana sold 200,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 1,604,941 shares in the company, valued at C$2,086,423.30. This represents a 11.08% decrease in their ownership of the stock. Also, Director Florian Siegfried sold 171,900 shares of the firm’s stock in a transaction on 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. The trade was a 1.51% decrease in their ownership of the stock. Insiders have sold a total of 500,000 shares of company stock worth $635,671 in the last quarter. 17.36% of the stock is currently owned by company insiders.

Goldquest Mining Company Profile

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.