Goldquest Mining Corp. (CVE:GQC – Get Free Report)’s stock price rose 5.7% during mid-day trading on Friday . The company traded as high as C$0.78 and last traded at C$0.74. Approximately 208,000 shares were traded during 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 4.3%
The stock has a market cap of C$279.44 million, a P/E ratio of -14.60 and a beta of 0.61. The stock has a 50 day simple moving average of C$0.73 and a 200 day simple moving average of C$1.63.
Insiders Place Their Bets
In related news, Director Patrick Michaels purchased 200,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of C$0.45 per share, with a total value of C$90,000.00. Following the completion of the purchase, the director directly owned 2,250,000 shares in the company, valued at C$1,012,500. This trade represents a 9.76% increase in their ownership of the stock. Also, insider Guess Investments Ltd. sold 300,000 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 41,244,821 shares of the company’s stock, valued at C$20,622,410.50. This represents a 0.72% decrease in their position. Insiders purchased 320,814 shares of company stock worth $141,950 in the last 90 days. 17.36% of the stock is owned by company insiders.
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.
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