Jaguar Mining (TSE:JAG) Hits 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 - )'s stock price hit a new 52-week high during mid-day trading on Monday . The stock 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 Stock Up 3.4%

The company has a 50-day simple moving average of C$4.38 and a 200-day simple moving average of C$3.61. The firm has a market cap of C$460.37 million, a PE ratio of -17.58 and a beta of 2.29. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.82 and a quick ratio of 1.02.

Insider Activity

In other Jaguar Mining news, insider 2176423 Ontario Ltd. bought 100,000 shares of the company's stock in a transaction on Monday, June 30th. The stock was acquired at an average price of C$3.33 per share, for a total transaction of C$333,330.00. 55.03% of the stock is owned by company insiders.

Jaguar Mining Company Profile

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.

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