Jaguar Mining (OTCMKTS:JAGGF) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Jaguar Mining Inc. (OTCMKTS:JAGGF)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.97 and traded as low as $3.80. Jaguar Mining shares last traded at $3.94, with a volume of 44,422 shares trading hands.

Jaguar Mining Stock Up 2.6%

The stock has a market capitalization of $336.20 million, a price-to-earnings ratio of -35.82 and a beta of 0.99. The stock has a 50 day moving average price of $3.97 and a 200 day moving average price of $5.03.

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

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.