Goldquest Mining (CVE:GQC) Stock Price Up 23% – Still a Buy?

Goldquest Mining Corp. (CVE:GQC) was up 23% on Friday . The company traded as high as C$1.55 and last traded at C$1.55. Approximately 1,473,370 shares were traded during trading, an increase of 826% from the average daily volume of 159,042 shares. The stock had previously closed at C$1.26.

Goldquest Mining Stock Up 23.0%

The company has a market cap of C$528.59 million, a P/E ratio of -155.00 and a beta of 0.92. The stock has a 50 day moving average price of C$0.96 and a two-hundred day moving average price of C$0.75.

Insiders Place Their Bets

In other Goldquest Mining news, insider Luis Santana sold 200,000 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of C$1.30, for a total transaction of C$260,000.00. Following the transaction, the insider owned 1,604,941 shares in the company, valued at C$2,086,423.30. This trade represents a 11.08% decrease in their position. 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 value of C$214,875.00. Following the transaction, the director owned 11,200,000 shares in the company, valued at approximately C$14,000,000. This trade represents a 1.51% decrease in their position. In the last 90 days, insiders have sold 500,000 shares of company stock worth $635,671. Corporate 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.