Jubilee Metals Group (LON:JLP) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Jubilee Metals Group PLC (LON:JLP - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4.02 ($0.05) and traded as low as GBX 3.15 ($0.04). Jubilee Metals Group shares last traded at GBX 3.20 ($0.04), with a volume of 4,494,262 shares trading hands.

Analyst Ratings Changes

A number of analysts have issued reports on JLP shares. Royal Bank of Canada lowered their target price on Jubilee Metals Group from GBX 830 ($11.15) to GBX 770 ($10.35) and set an "outperform" rating on the stock in a report on Tuesday, January 28th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 7 ($0.09) target price on shares of Jubilee Metals Group in a research report on Tuesday, April 1st.

Jubilee Metals Group Price Performance

The stock has a 50-day simple moving average of GBX 3.33 and a 200 day simple moving average of GBX 3.99. The stock has a market capitalization of £94.45 million, a P/E ratio of 15.03 and a beta of 1.47. The company has a debt-to-equity ratio of 12.28, a quick ratio of 1.15 and a current ratio of 1.13.

Jubilee Metals Group Company Profile

Jubilee Metals Group Plc (JLP) is an international and diversified metals producer listed on AIM and Alt-X. The company is focused on the treatment of both surface tailings materials and primary mineral ore generated from 3rd party mining operations. Led by an experienced team with the ability to design, build and execute environmentally conscious metals recovery solutions, Jubilee has a well-developed strategy to widen geographic and metals exposure driven by rising environmental obligations. Jubilee Metals has an established multi project portfolio providing exposure to a broad commodity basket including Platinum Group Metals (‘PGMs'), chrome, copper, lead, zinc, vanadium and cobalt.