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

Key Points

• Japan Gold Corp. shares surged 50% during mid-day trading, reaching C$0.17, significantly increased from their previous close of C$0.11.
• The trading volume of 894,784 shares was reported, a substantial rise of 655% from the average session volume of 118,590 shares.
• Japan Gold primarily focuses on exploring gold deposits, with a portfolio of 34 projects across Japan's three main islands: Hokkaido, Honshu, and Kyushu.

Japan Gold Corp. (CVE:JG - )'s share price shot up 50% during mid-day trading on Thursday . The stock traded as high as C$0.17 and last traded at C$0.17. 894,784 shares traded hands during mid-day trading, an increase of 655% from the average session volume of 118,590 shares. The stock had previously closed at C$0.11.

Japan Gold Stock Up 50.0%

The firm's fifty day moving average price is C$0.09 and its 200-day moving average price is C$0.10. 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 market capitalization of C$50.30 million, a P/E ratio of -5.50 and a beta of 0.38.

Japan Gold Company Profile

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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