Goldquest Mining (CVE:GQC) Trading 23.6% Higher – Time to Buy?

Goldquest Mining Corp. (CVE:GQC)’s stock price was up 23.6% during mid-day trading on Wednesday . The company traded as high as C$1.46 and last traded at C$1.36. Approximately 4,429,364 shares were traded during trading, an increase of 555% from the average daily volume of 675,997 shares. The stock had previously closed at C$1.10.

Goldquest Mining Trading Up 23.6%

The stock’s 50-day simple moving average is C$1.59 and its 200-day simple moving average is C$1.78. The stock has a market cap of C$520.61 million, a price-to-earnings ratio of -27.20 and a beta of 1.32.

Insider Buying and Selling

In other Goldquest Mining news, insider Guess Investments Ltd. sold 300,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of C$0.50, for a total transaction of C$150,000.00. Following the transaction, the insider owned 41,244,821 shares in the company, valued at C$20,622,410.50. This represents a 0.72% decrease in their position. Also, Director Patrick Michaels bought 200,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were acquired at an average price of C$0.45 per share, for a total transaction of C$90,000.00. Following the transaction, 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. 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.