Jaguar Mining (OTCMKTS:JAGGD) Shares Down 12.3% – What’s Next?

Jaguar Mining Inc. (OTCMKTS:JAGGDGet Free Report) fell 12.3% during trading on Monday . The stock traded as low as $5.3540 and last traded at $5.50. 235,412 shares were traded during mid-day trading, an increase of 606% from the average session volume of 33,340 shares. The stock had previously closed at $6.27.

Jaguar Mining Stock Down 12.3%

The firm’s 50 day simple moving average is $5.48 and its 200-day simple moving average is $4.39. The company has a market capitalization of $397.93 million, a PE ratio of 11.00 and a beta of 2.75.

About Jaguar Mining

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Jaguar Mining Inc is a gold producer with operations concentrated in the Iron Quadrangle region of Minas Gerais, Brazil. The company’s primary assets include the Caeté and Turmalina underground gold mines, together with the Paciência development project. Headquartered in Vancouver, Canada, Jaguar Mining leverages a combination of long‐established infrastructure and newer exploration licences covering more than 70,000 hectares to support its growth strategy.

The company’s core activities span exploration, development, extraction, milling and sale of gold.

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