Goldquest Mining (CVE:GQC) Trading Up 5.7% – Time to Buy?

Goldquest Mining Corp. (CVE:GQC)’s stock price shot up 5.7% during trading on Friday . The stock traded as high as C$0.78 and last traded at C$0.74. Approximately 208,000 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 581,628 shares. The stock had previously closed at C$0.70.

Goldquest Mining Trading Up 5.7%

The company’s fifty day moving average price is C$0.73 and its two-hundred day moving average price is C$1.64. The firm has a market cap of C$283.27 million, a P/E ratio of -14.80 and a beta of 0.61.

Insider Transactions at Goldquest Mining

In other Goldquest Mining news, insider Guess Investments Ltd. sold 300,000 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 41,244,821 shares of the company’s stock, valued at approximately C$20,622,410.50. This represents a 0.72% decrease in their ownership of the stock. Also, Director Patrick Michaels acquired 200,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average cost of C$0.45 per share, with a total value of C$90,000.00. Following the acquisition, the director owned 2,250,000 shares of the company’s stock, valued at approximately C$1,012,500. This represents a 9.76% increase in their position. Over the last 90 days, insiders acquired 320,814 shares of company stock worth $141,950. Company 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.