Japan Gold (CVE:JG) Trading Up 26.1% - Here's What Happened

Key Points

• Shares of Japan Gold Corp. (CVE:JG) surged by 26.1%, reaching a last trading price of C$0.29, significantly up from the previous close of C$0.23.
• Trading volume increased by 683% during the session, with over 1 million shares exchanged compared to an average volume of around 128,000 shares.
• The company, headquartered in Vancouver, focuses on the exploration of gold deposits across 34 projects located on various Japanese islands including Hokkaido, Honshu, and Kyushu.

Shares of Japan Gold Corp. (CVE:JG - ) shot up 26.1% during trading on Monday . The company traded as high as C$0.30 and last traded at C$0.29. 1,007,702 shares were traded during mid-day trading, an increase of 683% from the average session volume of 128,665 shares. The stock had previously closed at C$0.23.

Japan Gold Stock Performance

The stock has a 50-day moving average of C$0.10 and a 200 day moving average of C$0.11. The company has a debt-to-equity ratio of 6.36, a current ratio of 3.97 and a quick ratio of 6.04. The stock has a market capitalization of C$92.98 million, a price-to-earnings 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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