Japan Gold (CVE:JG) Stock Price Up 39.4% - Here's What Happened

Key Points

• Japan Gold Corp. (CVE:JG) shares rose by 39.4% on Saturday, trading as high as C$0.26, significantly increasing the trading volume by 663% from the average daily volume.
• The company, which specializes in gold exploration in Japan, holds a portfolio of 34 gold projects across Hokkaido, Honshu, and Kyushu islands.
• Japan Gold's market capitalization stands at C$70.12 million with a price-to-earnings ratio of -7.67, indicating an ongoing evaluation phase.

Japan Gold Corp. (CVE:JG - Get Free Report) shares were up 39.4% on Saturday . The company traded as high as C$0.26 and last traded at C$0.23. Approximately 942,618 shares traded hands during mid-day trading, an increase of 663% from the average daily volume of 123,495 shares. The stock had previously closed at C$0.17.

Japan Gold Stock Up 32.6%

The firm's 50 day simple moving average is C$0.10 and its 200-day simple moving average 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 current ratio of 3.97 and a quick ratio of 6.04.

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.