Japan Gold (CVE:JG) Stock Price Up 39.4% - Still a Buy?

Key Points

• Japan Gold Corp. shares surged by 39.4% during mid-day trading, reaching a high of C$0.26, following a previous close of C$0.17.
• Approximately 942,618 shares changed hands, indicating a remarkable 663% increase in trading volume compared to the average.
• The company focuses on the exploration and evaluation of mineral properties, primarily gold, with a portfolio of 34 projects across Japan.

Japan Gold Corp. (CVE:JG - Get Free Report) traded up 39.4% on Friday . The company traded as high as C$0.26 and last traded at C$0.23. 942,618 shares were traded during mid-day trading, an increase of 663% from the average session volume of 123,495 shares. The stock had previously closed at C$0.17.

Japan Gold Stock Performance

The stock has a market cap of C$70.12 million, a PE ratio of -7.67 and a beta of 0.38. The stock has a fifty day simple moving average of C$0.10 and a two-hundred day simple moving average 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.

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.