Japan Gold (CVE:JG) Shares Down 8.2% - Time to Sell?

Key Points

• Japan Gold Corp. shares fell by 8.2%, trading between C$0.26 and C$0.28, with a notable increase in trading volume at 304,910 shares.
• The company has a debt-to-equity ratio of 6.36 and a market cap of C$82.31 million, indicating potential financial instability.
• Japan Gold focuses on the exploration of gold deposits, holding 34 projects across various Japanese islands.

Japan Gold Corp. (CVE:JG - ) shares were down 8.2% on Tuesday . The company traded as low as C$0.26 and last traded at C$0.28. Approximately 304,910 shares traded hands during mid-day trading, an increase of 133% from the average daily volume of 130,612 shares. The stock had previously closed at C$0.31.

Japan Gold Price Performance

The company has a debt-to-equity ratio of 6.36, a quick ratio of 6.04 and a current ratio of 3.97. The stock has a market cap of C$82.31 million, a PE ratio of -9.00 and a beta of 0.38. The stock has a 50 day moving average of C$0.10 and a two-hundred day moving average of C$0.11.

About Japan Gold

Japan Gold Corp., a mineral exploration company, engages in the exploration and evaluation of mineral properties in Japan. The company primarily explores for gold deposits. It holds a portfolio of 34 gold projects located on Hokkaido, Honshu, and Kyushu islands of Japan. The company is headquartered in Vancouver, Canada.

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