Jaguar Mining Inc (USA) (NYSE:JAG) Up 12.39%, ECOtality Inc. (NASDAQ:ECTY) Up 11.84%
Northern, WI 04/25/2013 (GDPInsider) – Jaguar Mining Inc (USA) (NYSE:JAG) is up a solid 12.39% after starting the day’s trading at $0.42. The stock has trading range of $0.40 and $0.48 and volume is 695.54K. The gold mining company is engaged in the production, acquisition, exploration and development of gold mineral properties in Brazil and recently released its Q4 2012 earnings report. In it JAG revealed that it took large non-cash write downs on the implied value of its mining operations. Cash flows are tipped to be largely positive in 2013 and the company is seeing a $17 million gross margin on its mining operations. Average cost of production in Q4 was $915 per ounce of gold mined and the company saw an average sale price of $1714. Analysts have pointed to the cash position of Jag which according to some, would run out by the end of Q2 2013.
A target price of $0.87 has been set for the stock and current trading range puts the stock down 84.60% on its 52-week high and up 21.58% on its 52-week low. The forward P/E for JAG is 10.25 and the technical chart has shown a southward slope since February 2013.
Is JAG a solid investment at these levels? Get exclusive data and trends here.
ECOtality Inc. (NASDAQ:ECTY) is up 11.84% in trading having opened at $1.83. Volume is presently 604.04K and the stock has a trading range of $1.70 and $1.90. The stock has an RSI of 73.87 and the technical chart shows a northward slope which has been trending for the last three months. The stock has been rather buoyant and is trading 55.41% above its 20-day simple moving average and a solid 92.87% above its 50-day moving average. The company has a market cap of 43.31 million and EPS is expected to rise next year by 32.49%. The stock is trading 8.88% above its 52-week high of 1.69 and a sizable 607.69% above its 52-week low. Target price is $0.70 and insider ownership is 33.25%.
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