Jaguar Mining (OTCMKTS:JAGGD) Trading Down 1.5% – Time to Sell?

Jaguar Mining Inc. (OTCMKTS:JAGGD) shares were down 1.5% on Wednesday . The company traded as low as $5.56 and last traded at $5.5850. Approximately 48,267 shares traded hands during trading, an increase of 45% from the average daily volume of 33,340 shares. The stock had previously closed at $5.67.

Jaguar Mining Stock Performance

The company has a market cap of $404.07 million, a PE ratio of 11.17 and a beta of 2.75. The firm’s 50 day moving average is $6.10 and its 200-day moving average is $5.08.

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.