Jaguar Mining (TSE:JAG) Shares Up 6.3% - Still a Buy?

Key Points

• Jaguar Mining Inc. shares rose by 6.3% during trading, reaching a last traded price of C$5.78, with trading volume significantly higher than average.
• The company has a strong insider ownership, with 55.03% of its stock held by insiders, including a recent acquisition of 100,000 shares by an insider.
• Jaguar Mining operates three gold mining complexes in Brazil's Iron Quadrangle and has a market cap of C$458.78 million, along with a high debt-to-equity ratio of 3.07.

Jaguar Mining Inc. (TSE:JAG - Get Free Report)'s share price shot up 6.3% during trading on Friday . The company traded as high as C$5.78 and last traded at C$5.78. 260,953 shares changed hands during trading, an increase of 132% from the average session volume of 112,354 shares. The stock had previously closed at C$5.44.

Jaguar Mining Price Performance

The business has a fifty day simple moving average of C$4.57 and a 200 day simple moving average of C$3.72. The firm has a market cap of C$470.69 million, a price-to-earnings ratio of -17.97 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 at Jaguar Mining

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