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Japan Gold (CVE:JG) Shares Up 50% - Here's What Happened

Japan Gold logo with Basic Materials background

Key Points

  • Japan Gold Corp. shares surged 50% during trading, closing at C$0.17, marking a significant increase in trading volume of 655% compared to their average.
  • The company, headquartered in Vancouver, focuses on the exploration of gold deposits and holds a portfolio of 34 gold projects across multiple Japanese islands.
  • Japan Gold Corp. has a market cap of C$50.30 million with a negative P/E ratio of -5.50 and notable financial metrics such as a debt-to-equity ratio of 6.36.
  • MarketBeat previews the top five stocks to own by October 1st.

Japan Gold Corp. (CVE:JG - Get Free Report) shares rose 50% during trading on Thursday . The stock traded as high as C$0.17 and last traded at C$0.17. Approximately 894,784 shares changed hands during mid-day trading, an increase of 655% from the average daily volume of 118,590 shares. The stock had previously closed at C$0.11.

Japan Gold Stock Performance

The company has a debt-to-equity ratio of 6.36, a current ratio of 3.97 and a quick ratio of 6.04. The firm has a 50 day simple moving average of C$0.10 and a 200-day simple moving average of C$0.11. The company has a market cap of C$89.93 million, a price-to-earnings ratio of -9.83 and a beta of 0.38.

Japan Gold Company Profile

(Get Free Report)

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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