Japan Gold (CVE:JG) Shares Up 32.6% - Still a Buy?

Key Points

• Japan Gold Corp. shares saw a significant surge of 32.6% during trading, reaching a price of C$0.31, with trading volume increasing by 802% from the average.
• The company has a debt-to-equity ratio of 6.36 and a market capitalization of C$92.98 million.
• Japan Gold is engaged in mineral exploration in Japan, focusing primarily on gold deposits across 34 projects in various regions of the country.

Shares of Japan Gold Corp. (CVE:JG - ) traded up 32.6% during trading on Monday . The company traded as high as C$0.31 and last traded at C$0.31. 1,169,155 shares changed hands during mid-day 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 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$92.98 million, a price-to-earnings ratio of -10.17 and a beta of 0.38. The business's fifty day simple moving average is C$0.10 and its 200 day simple moving average is 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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