Goldquest Mining Corp. (CVE:GQC – Get Free Report) shares shot up 11.8% during mid-day trading on Thursday . The stock traded as high as C$0.57 and last traded at C$0.57. 206,336 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 608,290 shares. The stock had previously closed at C$0.51.
Goldquest Mining Stock Performance
The company has a 50-day simple moving average of C$1.61 and a 200-day simple moving average of C$1.79. The stock has a market cap of C$275.62 million, a P/E ratio of -18.00 and a beta of 1.32.
Insider Buying and Selling at Goldquest Mining
In other news, insider Guess Investments Ltd. sold 300,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$0.50, for a total transaction of C$150,000.00. Following the completion of the sale, the insider owned 41,244,821 shares in the company, valued at C$20,622,410.50. The trade was a 0.72% decrease in their ownership of the stock. Also, Director Patrick Michaels bought 200,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of C$0.45 per share, with a total value of C$90,000.00. Following the transaction, the director owned 2,250,000 shares of the company’s stock, valued at C$1,012,500. The trade was a 9.76% increase in their ownership of the stock. In the last quarter, insiders acquired 320,814 shares of company stock valued at $141,950. Corporate insiders own 17.36% of the company’s stock.
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.
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