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Japan Gold (CVE:JG) Stock Price Up 50% - Time to Buy?

Japan Gold logo with Basic Materials background

Key Points

  • Japan Gold Corp. shares surged 50% during trading, reaching C$0.17, with significant trading volume increasing by 655% compared to the average session.
  • The company has a market cap of C$50.30 million and operates 34 gold projects across Japan, focusing on exploration and evaluation of mineral properties.
  • Japan Gold's financial metrics include a PE ratio of -5.50 and a quick ratio of 6.04, indicating strong liquidity despite a negative earnings picture.
  • MarketBeat previews top five stocks to own in October.

Japan Gold Corp. (CVE:JG - Get Free Report) was up 50% during mid-day trading on Thursday . The company traded as high as C$0.17 and last traded at C$0.17. Approximately 894,784 shares were traded during 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 Trading Up 39.4%

The company has a quick ratio of 6.04, a current ratio of 3.97 and a debt-to-equity ratio of 6.36. The stock's 50 day moving average price is C$0.10 and its 200-day moving average price is C$0.11. The stock has a market capitalization of C$70.12 million, a P/E ratio of -7.67 and a beta of 0.38.

About Japan Gold

(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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