Jaguar Mining (OTCMKTS:JAGGF) Hits New 12-Month High – Here’s Why

Jaguar Mining Inc. (OTCMKTS:JAGGF)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.05 and last traded at $6.8155, with a volume of 210922 shares changing hands. The stock had previously closed at $5.91.

Jaguar Mining Stock Up 15.3%

The company has a market cap of $581.09 million, a PE ratio of -35.87 and a beta of 0.91. The stock’s 50 day simple moving average is $6.04 and its two-hundred day simple moving average is $5.01.

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.