Jaguar Mining (TSE:JAG) Trading 8.6% Higher - Here's What Happened

Jaguar Mining Inc. (TSE:JAG - Get Free Report)'s stock price was up 8.6% during mid-day trading on Monday . The company traded as high as C$4.15 and last traded at C$4.06. Approximately 179,729 shares changed hands during trading, an increase of 74% from the average daily volume of 103,127 shares. The stock had previously closed at C$3.74.

Jaguar Mining Trading Up 1.5%

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 firm has a market cap of C$225.60 million, a PE ratio of 7.69 and a beta of 1.64. The company's 50 day moving average price is C$3.11 and its 200 day moving average price is C$2.87.

Insiders Place Their Bets

In related news, insider 2176423 Ontario Ltd. acquired 1,000,000 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was acquired at an average price of C$2.80 per share, for a total transaction of C$2,800,000.00. Insiders have acquired a total of 2,006,310 shares of company stock worth $5,669,195 in the last ninety days. 55.03% of the stock is owned by corporate insiders.

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.