Jaguar Mining (OTCMKTS:JAGGF) Stock Price Up 1.7% – Here’s What Happened

Jaguar Mining Inc. (OTCMKTS:JAGGF)’s stock price rose 1.7% during mid-day trading on Friday . The stock traded as high as $3.5430 and last traded at $3.52. 58,230 shares traded hands during trading, an increase of 37% from the average daily volume of 42,630 shares. The stock had previously closed at $3.46.

Jaguar Mining Stock Up 1.7%

The firm has a market capitalization of $300.36 million, a PE ratio of -32.00 and a beta of 0.99. The company has a 50-day moving average of $4.18 and a 200 day moving average of $5.13.

Jaguar Mining (OTCMKTS:JAGGF) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Jaguar Mining had a positive return on equity of 13.05% and a negative net margin of 6.23%.The firm had revenue of $44.59 million during the quarter, compared to the consensus estimate of $52.39 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.