Jaguar Mining (TSE:JAG) Stock Price Up 9.2% – Here’s What Happened

Jaguar Mining Inc. (TSE:JAG)’s stock price was up 9.2% on Friday . The stock traded as high as C$3.56 and last traded at C$3.55. Approximately 157,752 shares were traded during trading, an increase of 59% from the average daily volume of 99,395 shares. The stock had previously closed at C$3.25.

Jaguar Mining Price Performance

The company has a market cap of C$197.26 million, a price-to-earnings ratio of 6.73 and a beta of 1.64. The company has a current ratio of 1.82, a quick ratio of 1.02 and a debt-to-equity ratio of 3.07. The company has a fifty day moving average price of C$2.89 and a two-hundred day moving average price of C$2.97.

Insiders Place Their Bets

In related news, insider 2176423 Ontario Ltd. acquired 1,000,000 shares of the stock in a transaction dated Friday, April 25th. The shares were bought at an average cost of C$2.80 per share, for a total transaction of C$2,800,000.00. Insiders have acquired 2,006,699 shares of company stock worth $5,669,427 over the last 90 days. Corporate insiders own 55.03% of the company’s stock.

About Jaguar Mining

Jaguar Mining Inc is a Canadian-listed junior gold mining, development and exploration company operating in the Iron Quadrangle, a prolific greenstone belt located in Minas Gerais, Brazil. Jaguar owns three gold mining complexes, and a large land package with significant upside exploration potential.