Jaguar Mining (OTCMKTS:JAGGD) Shares Down 2.6% – Here’s Why

Jaguar Mining Inc. (OTCMKTS:JAGGDGet Free Report) shares fell 2.6% on Friday . The stock traded as low as $3.31 and last traded at $3.46. 47,667 shares traded hands during mid-day trading, an increase of 43% from the average daily volume of 33,340 shares. The stock had previously closed at $3.5540.

Jaguar Mining Stock Down 2.6%

The business has a 50-day simple moving average of $4.24 and a 200-day simple moving average of $5.18. The stock has a market cap of $250.33 million, a P/E ratio of 6.92 and a beta of 2.75.

About Jaguar Mining

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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.

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