Japan Gold (CVE:JG) Trading 50% Higher - Here's Why

Key Points

• Japan Gold Corp. shares surged by 50% to C$0.17, with trading volume reaching 894,784 shares, a 655% increase from the average volume.
• The company's market capitalization stands at C$50.30 million, with a negative price-to-earnings ratio of -5.50 and a high debt-to-equity ratio of 6.36.
• Japan Gold primarily focuses on gold exploration with a portfolio of 34 projects across Japan's Hokkaido, Honshu, and Kyushu islands.

Japan Gold Corp. (CVE:JG - ) shares shot up 50% during trading on Thursday . The stock traded as high as C$0.17 and last traded at C$0.17. 894,784 shares changed hands during trading, an increase of 655% from the average session volume of 118,590 shares. The stock had previously closed at C$0.11.

Japan Gold Price Performance

The stock has a market capitalization of C$50.30 million, a price-to-earnings ratio of -5.50 and a beta of 0.38. The company has a fifty day simple moving average of C$0.10 and a 200 day simple 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.

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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