Jaguar Mining (TSE:JAG) Trading Down 11.3% – Time to Sell?

Shares of Jaguar Mining Inc. (TSE:JAG) were down 11.3% during trading on Wednesday . The company traded as low as C$2.07 and last traded at C$2.20. Approximately 87,980 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 63,827 shares. The stock had previously closed at C$2.48.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial dropped their target price on shares of Jaguar Mining from C$5.15 to C$4.10 in a report on Monday, December 9th.

Jaguar Mining Stock Performance

The business has a 50-day moving average of C$3.23 and a 200 day moving average of C$3.92. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.92 and a quick ratio of 1.02. The company has a market cap of C$165.42 million, a PE ratio of 3.94 and a beta of 1.64.

About Jaguar Mining

Jaguar Mining Inc, a junior gold mining company, engages in the acquisition, exploration, development, and operation of gold mineral properties in Brazil. The company’s principal assets include the Turmalina Gold Mine Complex and Caeté Gold Mine Complex with mineral claims covering an area of approximately 56,000 hectares located in the Iron Quadrangle in the state of Minas Gerais.