Japan Gold (CVE:JG) Stock Price Up 50% - Here's What Happened

Key Points

• Japan Gold Corp. shares surged by 50% on a trading day, reaching C$0.17, with a significant increase in trading volume of 655% compared to its average.
• The company, which focuses on mineral exploration, particularly for gold in Japan, holds a portfolio of 34 gold projects across several Japanese islands.
• Japan Gold has a market capitalization of C$50.30 million and a debt-to-equity ratio of 6.36, indicating potential financial leverage concerns.

Japan Gold Corp. (CVE:JG - Get Free Report)'s share price traded up 50% during trading on Thursday . The company traded as high as C$0.17 and last traded at C$0.17. 894,784 shares traded hands during trading, an increase of 655% from the average session volume of 118,590 shares. The stock had previously closed at C$0.11.

Japan Gold Trading Up 39.4%

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 business has a 50 day moving average of C$0.10 and a 200 day moving average of C$0.11. The firm has a market capitalization of C$70.12 million, a price-to-earnings ratio of -7.67 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.