Jaguar Mining (OTCMKTS:JAGGF) Trading 14% Higher – Should You Buy?

Shares of Jaguar Mining Inc. (OTCMKTS:JAGGF) shot up 14% during trading on Tuesday . The stock traded as high as $6.7750 and last traded at $6.74. 56,509 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 105,760 shares. The stock had previously closed at $5.91.

Jaguar Mining Stock Up 18.2%

The business has a 50-day simple moving average of $6.02 and a two-hundred day simple moving average of $4.99. The stock has a market capitalization of $595.54 million, a P/E ratio of -36.76 and a beta of 0.90.

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.