Jubilee Metals Group (LON:JLP) Shares Pass Below 200-Day Moving Average - What's Next?

Key Points

• Jubilee Metals Group shares have fallen below their 200-day moving average, trading at GBX 3.21 ($0.04) after hitting a low of GBX 3.20 ($0.04).
• Canaccord Genuity Group has restated a "buy" rating for the stock with a revised price target of GBX 7 ($0.09).
• The company specializes in metals recovery solutions from mining operations and has a diversified portfolio, including commodities like Platinum Group Metals, copper, and cobalt.

Jubilee Metals Group PLC (LON:JLP - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3.59 ($0.05) and traded as low as GBX 3.20 ($0.04). Jubilee Metals Group shares last traded at GBX 3.21 ($0.04), with a volume of 4,109,323 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 7 ($0.09) price objective on shares of Jubilee Metals Group in a research note on Tuesday, April 1st.

Jubilee Metals Group Stock Performance

The firm has a market capitalization of £99.46 million, a PE ratio of 15.83 and a beta of 1.47. The company has a debt-to-equity ratio of 12.28, a current ratio of 1.13 and a quick ratio of 1.15. The stock has a 50-day moving average price of GBX 3.63 and a 200-day moving average price of GBX 3.59.

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.

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