Goldquest Mining (CVE:GQC) Shares Up 11.8% – Still a Buy?

Goldquest Mining Corp. (CVE:GQC) was up 11.8% on Thursday . The company traded as high as C$0.57 and last traded at C$0.57. Approximately 206,336 shares were traded during trading, a decline of 66% from the average daily volume of 608,290 shares. The stock had previously closed at C$0.51.

Goldquest Mining Price Performance

The business has a 50-day simple moving average of C$1.68 and a two-hundred day simple moving average of C$1.80. The stock has a market cap of C$225.85 million, a price-to-earnings ratio of -14.75 and a beta of 1.32.

Insider Activity at Goldquest Mining

In other news, Director Patrick Michaels bought 200,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of C$0.45 per share, with a total value of C$90,000.00. Following the completion of the transaction, the director owned 2,250,000 shares of the company’s stock, 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 that occurred on Wednesday, May 6th. The shares were sold at an average price of C$0.50, for a total value of C$150,000.00. Following the completion of the transaction, the insider directly owned 41,244,821 shares in the company, valued at C$20,622,410.50. The trade was a 0.72% decrease in their position. Insiders bought 320,814 shares of company stock worth $141,950 in the last ninety days. 17.36% of the stock is owned by company insiders.

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.