Jaguar Mining (OTCMKTS:JAGGD) Trading 5.6% Higher – What’s Next?

Jaguar Mining Inc. (OTCMKTS:JAGGD) was up 5.6% during mid-day trading on Tuesday . The stock traded as high as $6.42 and last traded at $6.42. Approximately 128,955 shares were traded during mid-day trading, an increase of 287% from the average daily volume of 33,340 shares. The stock had previously closed at $6.08.

Jaguar Mining Trading Up 5.6%

The stock has a market cap of $464.49 million, a price-to-earnings ratio of 12.84 and a beta of 2.75. The firm’s 50-day moving average is $5.81 and its two-hundred day moving average is $4.74.

Jaguar Mining Company Profile

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.