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

Goldquest Mining Corp. (CVE:GQC)’s share price was up 8.3% during mid-day trading on Tuesday . The company traded as high as C$0.83 and last traded at C$0.78. Approximately 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 Stock Performance

The firm has a market capitalization of C$290.93 million, a P/E ratio of -15.20 and a beta of 0.61. The company has a 50-day moving average price of C$0.76 and a 200-day moving average price of C$1.59.

Insider Transactions at Goldquest Mining

In related news, Director Patrick Michaels bought 200,000 shares of Goldquest Mining stock in a transaction on Monday, May 11th. The shares were purchased at an average price 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 represents a 9.76% increase in their ownership of the stock. Also, insider Guess Investments Ltd. sold 300,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$0.50, for a total value of C$150,000.00. Following the transaction, the insider owned 41,244,821 shares of the company’s stock, valued at C$20,622,410.50. The trade was a 0.72% decrease in their ownership of the stock. In the last 90 days, insiders have acquired 320,814 shares of company stock worth $141,950. Company 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.