Japan Gold (CVE:JG) Shares Up 32.6% - Here's Why

Key Points

• Japan Gold Corp. shares surged 32.6% on Monday, closing at C$0.31 after previously closing at C$0.23.
• The company's trading volume increased by 802%, with over 1.1 million shares exchanged compared to the average volume of 129,682 shares.
• Japan Gold is engaged in mineral exploration primarily for gold in Japan, holding a portfolio of 34 gold projects across multiple islands.

Japan Gold Corp. (CVE:JG - ) shares traded up 32.6% on Monday . The company traded as high as C$0.31 and last traded at C$0.31. 1,169,155 shares traded hands during trading, an increase of 802% from the average session volume of 129,682 shares. The stock had previously closed at C$0.23.

Japan Gold Price Performance

The stock has a 50 day moving average price of C$0.10 and a two-hundred day moving average price of C$0.11. 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 company has a market capitalization of C$92.98 million, a PE ratio of -10.17 and a beta of 0.38.

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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