Goldquest Mining (CVE:GQC) Trading Up 8.3% – Time to Buy?

Goldquest Mining Corp. (CVE:GQC) shares shot up 8.3% during mid-day trading on Tuesday . The company traded as high as C$0.83 and last traded at C$0.78. Approximately 126,604 shares changed hands during trading, a decline of 77% from the average daily volume of 558,371 shares. The stock had previously closed at C$0.72.

Goldquest Mining Stock Up 5.5%

The firm’s fifty day simple moving average is C$0.77 and its 200-day simple moving average is C$1.58. The company has a market cap of C$294.76 million, a PE ratio of -15.40 and a beta of 0.61.

Insider Activity at Goldquest Mining

In related news, Director Patrick Michaels bought 200,000 shares of Goldquest Mining stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of C$0.45 per share, with a total value of C$90,000.00. Following the purchase, the director owned 2,250,000 shares in the company, valued at C$1,012,500. This represents a 9.76% increase in their ownership of the stock. Also, insider Guess Investments Ltd. sold 300,000 shares of the stock in a transaction 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 sale, the insider owned 41,244,821 shares in the company, valued at approximately C$20,622,410.50. This trade represents a 0.72% decrease in their position. Insiders have purchased a total of 320,814 shares of company stock valued at $141,950 over the last 90 days. 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.