Jaguar Mining (TSE:JAG) Shares Up 11.1% – Here’s Why

Jaguar Mining Inc. (TSE:JAG)’s stock price traded up 11.1% during trading on Wednesday . The stock traded as high as C$7.52 and last traded at C$7.49. Approximately 160,930 shares were traded during trading, a decline of 11% from the average daily volume of 180,686 shares. The stock had previously closed at C$6.74.

Jaguar Mining Trading Up 11.1%

The company has a current ratio of 1.27, a quick ratio of 1.02 and a debt-to-equity ratio of 3.43. The business’s fifty day simple moving average is C$5.68 and its two-hundred day simple moving average is C$6.74. The stock has a market capitalization of C$639.13 million, a P/E ratio of 57.62 and a beta of 4.17.

Jaguar Mining (TSE:JAG) last posted its quarterly earnings data on Friday, August 14th. The company reported C$0.26 earnings per share (EPS) for the quarter. The company had revenue of C$72.96 million for the quarter. Jaguar Mining had a net margin of 7.29% and a return on equity of 4.83%. As a group, analysts forecast that Jaguar Mining Inc. will post 0.4742807 earnings per share for the current year.

About Jaguar Mining

Jaguar Mining Inc is a Canadian-listed junior gold mining, development and exploration company operating in the Iron Quadrangle, a prolific greenstone belt located in Minas Gerais, Brazil. Jaguar owns three gold mining complexes, and a large land package with significant upside exploration potential. The company is a long-term producer, having been in continuous production since 2006, with plans to significantly grow production over the next few years.