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Japan Gold (CVE:JG) Shares Up 50% - Should You Buy?

Japan Gold logo with Basic Materials background

Key Points

  • Japan Gold Corp. shares surged by 50% to C$0.17 during trading, significantly outperforming its average session volume.
  • The company has a market cap of C$50.30 million and is dedicated to exploring gold deposits across 34 projects in Japan.
  • Japan Gold's financial metrics show a high debt-to-equity ratio of 6.36 and a negative P/E ratio of -5.50, indicating potential financial concerns.
  • Five stocks to consider instead of Japan Gold.

Japan Gold Corp. (CVE:JG - Get Free Report)'s share price shot up 50% during mid-day trading on Friday . 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 Price Performance

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

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.

See Also

Should You Invest $1,000 in Japan Gold Right Now?

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