Jaguar Mining (TSE:JAG) Trading 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 - ) shares were up 6.3% during mid-day trading on Friday . The company traded as high as C$5.78 and last traded at C$5.78. Approximately 260,953 shares changed hands during trading, an increase of 132% from the average daily volume of 112,354 shares. The stock had previously closed at C$5.44.

Jaguar Mining Trading Up 6.3%

The stock has a fifty day moving average of C$4.52 and a 200-day moving average of C$3.68. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.02 and a current ratio of 1.82. The company has a market cap of C$458.78 million, a PE ratio of -17.52 and a beta of 2.29.

Insider Transactions at Jaguar Mining

In other Jaguar Mining news, insider 2176423 Ontario Ltd. acquired 100,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was bought 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 currently owned by 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.

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