Japan Gold (CVE:JG) Trading Up 32.6% - Here's What Happened

Key Points

• Japan Gold Corp. (CVE:JG) saw a significant surge, climbing 32.6% in stock prices during trading on Tuesday, reaching a high of C$0.31.
• The trading volume increased dramatically by 802% compared to its average daily volume, with approximately 1,169,155 shares traded.
• Japan Gold specializes in the exploration of gold deposits in Japan, holding a portfolio of 34 projects across various islands, including Hokkaido and Honshu.

Japan Gold Corp. (CVE:JG - ) was up 32.6% during trading on Tuesday . The company traded as high as C$0.31 and last traded at C$0.31. Approximately 1,169,155 shares were traded during trading, an increase of 802% from the average daily volume of 129,682 shares. The stock had previously closed at C$0.23.

Japan Gold Stock Performance

The stock's 50 day moving average price is C$0.10 and its 200 day moving average price 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 price-to-earnings ratio of -10.17 and a beta of 0.38.

About Japan Gold

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.