Japan Gold (CVE:JG) Stock Price Up 50% - Should You Buy?

Key Points

• Japan Gold Corp. shares surged by 50%, trading at C$0.17 after closing at C$0.11 previously, with an impressive increase in trading volume.
• The company's debt-to-equity ratio stands at 6.36, and it has a market capitalization of C$50.30 million, indicating a high level of debt compared to equity.
• Japan Gold focuses on mineral exploration in Japan, specifically targeting gold deposits with a portfolio of 34 projects across the country's major islands.

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

Japan Gold Stock Up 39.4%

The firm has a market cap of C$70.12 million, a price-to-earnings ratio of -7.67 and a beta of 0.38. 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 stock has a 50-day moving average of C$0.10 and a 200-day moving average of C$0.11.

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.