Jaguar Mining (OTCMKTS:JAGGF) Trading 1.7% Higher – Here’s What Happened

Shares of Jaguar Mining Inc. (OTCMKTS:JAGGF) shot up 1.7% on Friday . The stock traded as high as $3.5430 and last traded at $3.52. Approximately 58,230 shares traded hands during trading, an increase of 37% from the average daily volume of 42,630 shares. The stock had previously closed at $3.46.

Jaguar Mining Stock Performance

The stock has a 50 day moving average of $4.18 and a 200-day moving average of $5.13. The firm has a market capitalization of $300.36 million, a P/E ratio of -32.00 and a beta of 0.99.

Jaguar Mining (OTCMKTS:JAGGF) last issued its earnings results on Wednesday, May 13th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $44.59 million during the quarter, compared to analyst estimates of $52.39 million. Jaguar Mining had a negative net margin of 6.23% and a positive return on equity of 13.05%.

About Jaguar Mining

Jaguar Mining (OTCMKTS:JAGGF) is a Canada-based junior gold producer, development and exploration company with operations concentrated in the Iron Quadrangle region of Minas Gerais, Brazil. The company is listed on the TSX Venture Exchange and trades in the United States on the OTCQX Best Market. Jaguar’s principal objective is to build a mid-tier gold producer through the optimization of its existing asset base and the continued exploration of its extensive land package in a historically gold-rich district.

Jaguar Mining’s core operations comprise three underground gold mines—Turmalina, Caeté and Pilar—each supported by on-site milling and processing facilities employing carbon-in-leach (CIL) technology.