Jaguar Mining (TSE:JAG) Trading Down 5.1% – Here’s Why

Shares of Jaguar Mining Inc. (TSE:JAG) traded down 5.1% during trading on Friday . The company traded as low as C$2.76 and last traded at C$2.78. 76,624 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 103,204 shares. The stock had previously closed at C$2.93.

Analyst Upgrades and Downgrades

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

Jaguar Mining Stock Performance

The stock has a market capitalization of C$154.48 million, a price-to-earnings ratio of 5.27 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 firm has a 50-day moving average of C$2.42 and a 200-day moving average of C$3.80.

Insider Buying and Selling at Jaguar Mining

In other Jaguar Mining news, insider 2176423 Ontario Ltd. acquired 60,400 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was acquired at an average cost of C$2.23 per share, for a total transaction of C$134,414.16. In the last 90 days, insiders have bought 88,608 shares of company stock worth $202,620. 55.03% of the stock is currently owned by 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.