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

Key Points

• Japan Gold Corp. (CVE:JG) saw a significant increase in stock price, trading up 39.4% to as high as C$0.26 during Saturday's trading session.
• The company's trading volume surged by 663%, with 942,618 shares changing hands, compared to its average session volume of 123,495 shares.
• Japan Gold, a mineral exploration company based in Vancouver, focuses on exploring gold deposits across 34 projects in Japan.

Japan Gold Corp. (CVE:JG - Get Free Report) shares traded up 39.4% during trading on Saturday . The stock traded as high as C$0.26 and last traded at C$0.23. 942,618 shares were traded during mid-day trading, an increase of 663% from the average session volume of 123,495 shares. The stock had previously closed at C$0.17.

Japan Gold Stock Down 13.1%

The firm has a fifty day simple moving average of C$0.10 and a 200 day simple moving average of 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 company has a market cap of C$80.78 million, a PE ratio of -8.83 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.