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Japan Gold (CVE:JG) Shares Up 39.4% - Here's What Happened

Japan Gold logo with Basic Materials background

Key Points

  • Japan Gold Corp. shares surged by 39.4% on Saturday, closing at C$0.23 after trading as high as C$0.26, with a notable increase in trading volume of 663% compared to its average.
  • The company holds a market cap of C$70.12 million and has a significantly negative P/E ratio of -7.67, indicating it is not currently profitable.
  • Japan Gold focuses on the exploration of gold deposits within Japan, maintaining a portfolio of 34 projects across several major islands including Hokkaido and Honshu.
  • Five stocks to consider instead of Japan Gold.

Shares of Japan Gold Corp. (CVE:JG - Get Free Report) 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 were traded during mid-day 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 Down 6.6%

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 firm has a market capitalization of C$86.88 million, a P/E ratio of -9.50 and a beta of 0.38. The company has a 50 day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.11.

About Japan Gold

(Get Free Report)

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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