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

Japan Gold logo with Basic Materials background

Key Points

  • Japan Gold Corp.'s stock surged by 39.4%, reaching a peak of C$0.26 during mid-day trading and last trading at C$0.23.
  • The increased trading volume soared to 942,618 shares, marking a staggering 663% increase from its average session volume.
  • Japan Gold focuses on gold exploration in Japan, holding a portfolio of 34 projects across multiple islands, with a market cap of C$70.12 million.
  • Interested in Japan Gold? Here are five stocks we like better.

Japan Gold Corp. (CVE:JG - Get Free Report)'s stock price shot up 39.4% during mid-day trading on Saturday . The stock traded as high as C$0.26 and last traded at C$0.23. 942,618 shares were traded during 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 Stock Performance

The firm has a fifty day simple moving average of C$0.10 and a 200-day simple moving average of 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 stock has a market cap of C$92.98 million, a price-to-earnings ratio of -10.17 and a beta of 0.38.

Japan Gold Company Profile

(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.

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