Jaguar Mining (TSE:JAG) Sets New 12-Month High - Time to Buy?

Key Points

• Jaguar Mining Inc. stock reached a new 52-week high of C$5.95 during trading, closing at C$5.78 with a trading volume of 240,087 shares.
• The company, which operates in Brazil’s Iron Quadrangle, holds a market cap of C$460.37 million and has a significant insider ownership of 55.03%.
• Insider 2176423 Ontario Ltd. purchased 100,000 shares at an average price of C$3.33 per share, indicating confidence in the company’s future prospects.

Jaguar Mining Inc. (TSE:JAG - Get Free Report) reached a new 52-week high on Monday . The company traded as high as C$5.95 and last traded at C$5.78, with a volume of 240087 shares trading hands. The stock had previously closed at C$5.61.

Jaguar Mining Trading Up 6.3%

The company has a debt-to-equity ratio of 3.07, a current ratio of 1.82 and a quick ratio of 1.02. The business's 50-day moving average price is C$4.52 and its two-hundred day moving average price is C$3.68. The company has a market capitalization of C$458.78 million, a price-to-earnings ratio of -17.52 and a beta of 2.29.

Insider Buying and Selling at Jaguar Mining

In other Jaguar Mining news, insider 2176423 Ontario Ltd. purchased 100,000 shares of the company's stock in a transaction dated Monday, June 30th. The stock was bought at an average cost of C$3.33 per share, for a total transaction of C$333,330.00. Insiders own 55.03% of the company's stock.

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.