Jaguar Mining (OTCMKTS:JAGGF) Trading 3.9% Higher - Here's What Happened

Key Points

• Jaguar Mining's shares rose by 3.9% to $4.19 on a recent trading day, with trading volume significantly higher than average at 175,177 shares.
• The company reported earnings of $0.21 per share, surpassing estimates and indicating a return on equity of 1.41%, although it experienced a negative net margin of 17.87%.
• Jaguar Mining, engaged in gold mining in Brazil, has a market capitalization of $332.96 million and significant mineral holdings in the Iron Quadrangle of Minas Gerais.

Shares of Jaguar Mining Inc. (OTCMKTS:JAGGF - Get Free Report) traded up 3.9% during mid-day trading on Monday . The company traded as high as $4.29 and last traded at $4.19. 175,177 shares changed hands during trading, an increase of 156% from the average session volume of 68,442 shares. The stock had previously closed at $4.04.

Jaguar Mining Stock Up 6.2%

The stock's 50-day moving average is $3.28 and its 200-day moving average is $2.66. The firm has a market cap of $332.05 million, a P/E ratio of -13.07 and a beta of 0.91.

Jaguar Mining (OTCMKTS:JAGGF - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.10. Jaguar Mining had a negative net margin of 17.87% and a positive return on equity of 1.41%. The business had revenue of $35.83 million for the quarter, compared to analyst estimates of $51.68 million.

About Jaguar Mining

Jaguar Mining Inc, a junior gold mining company, engages in the acquisition, exploration, development, and operation of gold mineral properties in Brazil. The company's principal assets include the Turmalina Gold Mine Complex and Caeté Gold Mine Complex with mineral claims covering an area of approximately 56,000 hectares located in the Iron Quadrangle in the state of Minas Gerais.