Jaguar Mining (TSE:JAG) Trading 5.8% Higher – Here’s Why

Jaguar Mining Inc. (TSE:JAG)’s share price was up 5.8% on Wednesday . The stock traded as high as C$8.35 and last traded at C$8.34. 292,110 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 182,156 shares. The stock had previously closed at C$7.88.

Jaguar Mining Trading Down 0.5%

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 50-day moving average is C$6.45 and its two-hundred day moving average is C$6.73. The firm has a market cap of C$674.11 million, a P/E ratio of 60.77 and a beta of 4.38.

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