Jaguar Mining (OTCMKTS:JAGGF) Hits New 12-Month High - Here's Why

Key Points

• Jaguar Mining hit a new 52-week high, trading as high as $7.05 (last $6.8155) and rising about 15.3% on volume of 210,922 shares.
• The company has a market cap of $581.09 million and a negative PE (-35.87); its 50-day and 200-day simple moving averages are $6.04 and $5.01, respectively, signaling recent upward momentum.
• Jaguar is a Canada-based junior gold producer operating three underground mines (Turmalina, Caetê and Pilar) in the Iron Quadrangle of Minas Gerais, Brazil, aiming to build into a mid-tier gold producer.

Jaguar Mining Inc. (OTCMKTS:JAGGF - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.05 and last traded at $6.8155, with a volume of 210922 shares changing hands. The stock had previously closed at $5.91.

Jaguar Mining Stock Up 15.3%

The company has a market cap of $581.09 million, a PE ratio of -35.87 and a beta of 0.91. The stock's 50 day simple moving average is $6.04 and its two-hundred day simple moving average is $5.01.

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.

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