Japan Gold (CVE:JG) Trading 32.6% Higher - Still a Buy?

Key Points

• Japan Gold Corp. shares surged by 32.6%, trading at C$0.31 after previously closing at C$0.23, indicating strong momentum in the stock.
• The trading volume increased significantly by 802%, with 1,169,155 shares changing hands compared to the usual average of 129,682 shares.
• Japan Gold focuses on mineral exploration, primarily for gold deposits, and holds a portfolio of 34 projects across major islands in Japan.

Shares of Japan Gold Corp. (CVE:JG - ) traded up 32.6% during trading on Tuesday . The stock traded as high as C$0.31 and last traded at C$0.31. 1,169,155 shares changed 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 Stock Performance

The company's fifty day moving average is C$0.10 and its 200 day moving average is C$0.11. The company has a current ratio of 3.97, a quick ratio of 6.04 and a debt-to-equity ratio of 6.36. The company has a market cap of C$92.98 million, a P/E ratio of -10.17 and a beta of 0.38.

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.

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