Jaxon Mining (CVE:JAX) Shares Up 42.9%

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Jaxon Mining Inc (CVE:JAX)’s share price shot up 42.9% during mid-day trading on Friday . The stock traded as high as C$0.05 and last traded at C$0.05, 477,900 shares traded hands during mid-day trading. An increase of 559% from the average session volume of 72,555 shares. The stock had previously closed at C$0.04.

The company has a 50 day moving average price of C$0.04 and a 200-day moving average price of C$0.05. The company has a market cap of $4.75 million and a price-to-earnings ratio of -2.35.

Jaxon Mining Company Profile (CVE:JAX)

Jaxon Mining Inc operates as a mineral exploration and development company in Canada. The company explores for silver, gold, zinc, copper, and lead deposits. Its flagship project is the Hazelton property, which covers an area of 42,226 hectares located to the east of the town of Hazelton in north-central British Columbia.

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