Jubilee Metals Group (LON:JLP) Share Price Passes Below 200-Day Moving Average - Here's Why

Jubilee Metals Group PLC (LON:JLP - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3.60 ($0.05) and traded as low as GBX 3.20 ($0.04). Jubilee Metals Group shares last traded at GBX 3.28 ($0.04), with a volume of 3,268,685 shares traded.

Wall Street Analyst Weigh In

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

Jubilee Metals Group Stock Up 3.7%

The company has a 50 day simple moving average of GBX 3.64 and a two-hundred day simple moving average of GBX 3.60. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 12.28. The company has a market capitalization of £102.47 million, a P/E ratio of 16.31 and a beta of 1.47.

About Jubilee Metals Group

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.