Japan Gold (CVE:JG) Stock Price Up 39.4% - Here's Why

Key Points

• Japan Gold Corp. shares surged by 39.4%, reaching a last traded price of C$0.23, after a significant increase in trading volume by 663% compared to its average session.
• The company has a market capitalization of C$70.12 million, and its current financial ratios include a P/E ratio of -7.67 and a debt-to-equity ratio of 6.36.
• Japan Gold is focused on exploring gold deposits across 34 projects located on the islands of Hokkaido, Honshu, and Kyushu in Japan.

Japan Gold Corp. (CVE:JG - Get Free Report)'s share price rose 39.4% on Saturday . The stock traded as high as C$0.26 and last traded at C$0.23. Approximately 942,618 shares traded hands during trading, an increase of 663% from the average daily volume of 123,495 shares. The stock had previously closed at C$0.17.

Japan Gold Stock Performance

The company's 50-day moving average price is C$0.10 and its two-hundred day moving average price is C$0.11. The company has a debt-to-equity ratio of 6.36, a quick ratio of 6.04 and a current ratio of 3.97. The stock has a market cap of C$70.12 million, a PE ratio of -7.67 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.