Jaguar Mining (OTCMKTS:JAGGF) Trading 4.5% Higher – Here’s Why

Jaguar Mining Inc. (OTCMKTS:JAGGF) shot up 4.5% during trading on Monday . The stock traded as high as $5.6665 and last traded at $5.60. 115,347 shares were traded during mid-day trading, an increase of 42% from the average session volume of 81,048 shares. The stock had previously closed at $5.36.

Jaguar Mining Stock Performance

The business’s 50 day moving average price is $4.64 and its two-hundred day moving average price is $3.80. The stock has a market cap of $475.07 million, a P/E ratio of -29.33 and a beta of 0.99.

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