Japan Gold (CVE:JG) Stock Price Up 32.6% - Still a Buy?

Key Points

• Japan Gold Corp. (CVE:JG) experienced a significant stock price increase of 32.6%, reaching C$0.31 during trading.
• The trading volume saw a dramatic rise, with 1,169,155 shares exchanged, marking an increase of 802% compared to the average session volume.
• Japan Gold focuses on gold exploration, holding a portfolio of 34 gold projects across various Japanese islands.

Shares of Japan Gold Corp. (CVE:JG - ) shot up 32.6% during trading on Monday . The stock traded as high as C$0.31 and last traded at C$0.31. 1,169,155 shares traded hands during trading, an increase of 802% from the average session volume of 129,682 shares. The stock had previously closed at C$0.23.

Japan Gold Trading Up 32.6%

The company's 50 day moving average price is C$0.10 and its 200 day moving average price is C$0.11. The company has a market cap of C$92.98 million, a price-to-earnings ratio of -10.17 and a beta of 0.38. 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.

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