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Japan Gold (CVE:JG) Stock Price Up 39.4% - Should You Buy?

Japan Gold logo with Basic Materials background

Key Points

  • Japan Gold Corp. (CVE:JG) shares surged by 39.4% on Friday, closing at C$0.23 after reaching a high of C$0.26, with trading volume up 663% compared to the average.
  • The company, headquartered in Vancouver, focuses on exploring gold deposits across 34 projects in Japan, with a current market capitalization of C$70.12 million.
  • Japan Gold has a high debt-to-equity ratio of 6.36 and a P/E ratio of -7.67, indicating significant financial challenges despite its recent stock surge.
  • Five stocks to consider instead of Japan Gold.

Shares of Japan Gold Corp. (CVE:JG - Get Free Report) rose 39.4% on Friday . 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 Price Performance

The stock has a 50 day moving average of C$0.10 and a two-hundred day moving average of C$0.10. The company has a debt-to-equity ratio of 6.36, a quick ratio of 6.04 and a current ratio of 3.97. The firm 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.

Further Reading

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