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

Goldquest Mining Corp. (CVE:GQC)’s share price was up 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 changed hands during mid-day trading, a decline of 64% from the average daily volume of 581,628 shares. The stock had previously closed at C$0.70.

Goldquest Mining Stock Performance

The company’s 50-day moving average is C$0.73 and its 200-day moving average is C$1.64. The firm has a market cap of C$283.27 million, a price-to-earnings 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 business’s stock in a transaction dated 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 of the company’s stock, valued at approximately C$20,622,410.50. The trade was a 0.72% decrease in their ownership of the stock. Also, Director Patrick Michaels purchased 200,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of C$0.45 per share, for a total transaction of C$90,000.00. Following the completion of the purchase, the director directly owned 2,250,000 shares of the company’s stock, valued at C$1,012,500. The trade was a 9.76% increase in their ownership of the stock. Over the last ninety days, insiders acquired 320,814 shares of company stock valued at $141,950. 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.