Jaguar Mining (OTCMKTS:JAGGD) Trading Up 1.3% – Time to Buy?

Jaguar Mining Inc. (OTCMKTS:JAGGDGet Free Report) traded up 1.3% during mid-day trading on Thursday . The stock traded as high as $5.40 and last traded at $5.38. 61,861 shares changed hands during trading, an increase of 86% from the average session volume of 33,340 shares. The stock had previously closed at $5.31.

Jaguar Mining Stock Performance

The company’s 50-day moving average is $5.37 and its 200-day moving average is $5.33. The firm has a market cap of $389.24 million, a price-to-earnings ratio of 10.76 and a beta of 2.75.

Jaguar Mining Company Profile

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Jaguar Mining Inc is a gold producer with operations concentrated in the Iron Quadrangle region of Minas Gerais, Brazil. The company’s primary assets include the Caeté and Turmalina underground gold mines, together with the Paciência development project. Headquartered in Vancouver, Canada, Jaguar Mining leverages a combination of long‐established infrastructure and newer exploration licences covering more than 70,000 hectares to support its growth strategy.

The company’s core activities span exploration, development, extraction, milling and sale of gold.

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