Jaguar Mining (TSE:JAG) Shares Down 3.4% – Here’s What Happened

Jaguar Mining Inc. (TSE:JAG)’s stock price traded down 3.4% on Friday . The company traded as low as C$2.86 and last traded at C$2.88. 60,760 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 90,679 shares. The stock had previously closed at C$2.98.

Analyst Ratings Changes

Separately, Ventum Financial reduced their price objective on shares of Jaguar Mining from C$5.15 to C$4.10 in a research note on Monday, December 9th.

Jaguar Mining Trading Down 3.4 %

The company has a market cap of C$160.03 million, a PE ratio of 5.46 and a beta of 1.64. The company has a current ratio of 1.82, a quick ratio of 1.02 and a debt-to-equity ratio of 3.07. The business has a 50 day simple moving average of C$2.66 and a two-hundred day simple moving average of C$3.49.

Insider Buying and Selling

In related news, insider 2176423 Ontario Ltd. purchased 11,500 shares of the business’s stock in a transaction on Friday, January 10th. The shares were bought at an average price of C$2.25 per share, with a total value of C$25,875.00. Over the last ninety days, insiders have acquired 89,336 shares of company stock worth $202,745. 55.03% of the stock is owned by company insiders.

About Jaguar Mining

Jaguar Mining Inc is a Canadian-listed junior gold mining, development and exploration company operating in the Iron Quadrangle, a prolific greenstone belt located in Minas Gerais, Brazil. Jaguar owns three gold mining complexes, and a large land package with significant upside exploration potential.