Japan Gold (CVE:JG) Trading 50% Higher - Should You Buy?

Key Points

• Japan Gold Corp. shares surged 50% during mid-day trading, reaching C$0.17, with significant trading volume of 894,784 shares, compared to an average of 118,590 shares.
• The company's market capitalization stands at C$50.30 million, with a notably high debt-to-equity ratio of 6.36.
• Japan Gold is focused on exploring and evaluating gold deposits across 34 projects in Japan, located on the islands of Hokkaido, Honshu, and Kyushu.

Japan Gold Corp. (CVE:JG - Get Free Report) shares shot up 50% during mid-day trading on Friday . The stock traded as high as C$0.17 and last traded at C$0.17. 894,784 shares changed hands during mid-day 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 Stock Performance

The company has a quick ratio of 6.04, a current ratio of 3.97 and a debt-to-equity ratio of 6.36. The company has a 50 day simple moving average of C$0.10 and a 200-day simple moving average of C$0.11. The stock has a market capitalization of C$70.12 million, a price-to-earnings ratio of -7.67 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.