Goldquest Mining (CVE:GQC) Trading 23.6% Higher – Time to Buy?

Goldquest Mining Corp. (CVE:GQC)’s share price traded up 23.6% on Wednesday . The stock traded as high as C$1.46 and last traded at C$1.36. 4,429,364 shares changed hands during mid-day trading, an increase of 555% from the average session volume of 675,997 shares. The stock had previously closed at C$1.10.

Goldquest Mining Stock Performance

The stock has a market capitalization of C$520.61 million, a P/E ratio of -27.20 and a beta of 1.32. The company’s fifty day simple moving average is C$1.59 and its two-hundred day simple moving average is C$1.78.

Insider Activity

In other Goldquest Mining news, insider Guess Investments Ltd. sold 300,000 shares of the 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 transaction, 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. Also, Director Patrick Michaels purchased 200,000 shares of the stock in a transaction on Monday, May 11th. The stock was 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 acquisition, the director owned 2,250,000 shares in the company, valued at approximately C$1,012,500. This trade represents a 9.76% increase in their ownership of the stock. Over the last three months, insiders acquired 320,814 shares of company stock worth $141,950. 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.