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

Jubilee Metals Group PLC (LON:JLP - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3.80 ($0.05) and traded as low as GBX 3.70 ($0.05). Jubilee Metals Group shares last traded at GBX 3.90 ($0.05), with a volume of 20,595,008 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 7 ($0.10) target price on shares of Jubilee Metals Group in a report on Tuesday, April 1st.

Jubilee Metals Group Stock Up 2.6%

The company has a market capitalization of £120.55 million, a price-to-earnings ratio of 19.18 and a beta of 1.47. The stock's fifty day simple moving average is GBX 3.40 and its two-hundred day simple moving average is GBX 3.80. The company has a debt-to-equity ratio of 12.28, a current ratio of 1.13 and a quick ratio of 1.15.

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.