Japan Gold (CVE:JG) Shares Up 39.4% - Time to Buy?

Key Points

• Japan Gold Corp. shares rose 39.4% during mid-day trading, reaching a high of C$0.26 with trading volume increasing by 663% compared to the average.
• The company, focused on mineral exploration primarily for gold in Japan, has a market capitalization of C$70.12 million and operates 34 gold projects across Japan's major islands.
• Key financial metrics include a quick ratio of 6.04 and a current ratio of 3.97, indicating a strong liquidity position despite a negative PE ratio of -7.67.

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

Japan Gold Price Performance

The stock has a fifty day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.11. The company has a market cap of C$83.83 million, a PE ratio of -9.17 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.

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.