Jaguar Mining (OTCMKTS:JAGGF) Shares Gap Down – Should You Sell?

Jaguar Mining Inc. (OTCMKTS:JAGGF) shares gapped down before the market opened on Thursday . The stock had previously closed at $6.6625, but opened at $6.19. Jaguar Mining shares last traded at $6.4380, with a volume of 33,198 shares trading hands.

Jaguar Mining Stock Down 4.9%

The firm has a market capitalization of $540.29 million, a price-to-earnings ratio of -33.35 and a beta of 0.91. The company has a 50-day moving average price of $6.07 and a 200-day moving average price of $5.03.

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.