Jaguar Mining (TSE:JAG) Trading Up 11.4% on Insider Buying Activity

Jaguar Mining Inc. (TSE:JAG - Get Free Report) shares rose 11.4% during trading on Monday after an insider bought additional shares in the company. The company traded as high as C$3.23 and last traded at C$3.23. Approximately 400,386 shares were traded during mid-day trading, an increase of 303% from the average daily volume of 99,468 shares. The stock had previously closed at C$2.90.

Specifically, insider 2176423 Ontario Ltd. bought 1,000,000 shares of the business's stock in a transaction on Friday, April 25th. The stock was purchased at an average price of C$2.80 per share, with a total value of C$2,800,000.00. Also, insider 2176423 Ontario Ltd. acquired 1,000,000 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average price of C$2.85 per share, for a total transaction of C$2,850,000.00.

Jaguar Mining Price Performance

The company has a market cap of C$161.14 million, a P/E ratio of 5.49 and a beta of 1.64. The stock has a 50-day simple moving average of C$2.81 and a 200 day simple moving average of C$3.04. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.02 and a current ratio of 1.82.

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.