Jaguar Mining (OTCMKTS:JAGGF) Trading 6.9% Higher – Here’s What Happened

Jaguar Mining Inc. (OTCMKTS:JAGGF) shares were up 6.9% during mid-day trading on Tuesday . The company traded as high as $6.0505 and last traded at $6.02. Approximately 16,657 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 119,413 shares. The stock had previously closed at $5.63.

Jaguar Mining Stock Performance

The company has a market capitalization of $506.44 million, a PE ratio of -31.26 and a beta of 0.94. The company’s 50-day moving average is $5.54 and its 200 day moving average is $4.43.

Jaguar Mining (OTCMKTS:JAGGF) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Jaguar Mining had a negative net margin of 10.83% and a positive return on equity of 3.72%. The firm had revenue of $33.81 million for the quarter, compared to analysts’ expectations of $51.68 million.

About Jaguar Mining

Jaguar Mining (OTCMKTS:JAGGF) is a Canada-based junior gold producer, development and exploration company with operations concentrated in the Iron Quadrangle region of Minas Gerais, Brazil. The company is listed on the TSX Venture Exchange and trades in the United States on the OTCQX Best Market. Jaguar’s principal objective is to build a mid-tier gold producer through the optimization of its existing asset base and the continued exploration of its extensive land package in a historically gold-rich district.

Jaguar Mining’s core operations comprise three underground gold mines—Turmalina, Caeté and Pilar—each supported by on-site milling and processing facilities employing carbon-in-leach (CIL) technology.