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

Jubilee Metals Group PLC (LON:JLP - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3.87 ($0.05) and traded as low as GBX 3.70 ($0.05). Jubilee Metals Group shares last traded at GBX 4 ($0.05), with a volume of 5,044,877 shares traded.

Wall Street Analysts Forecast Growth

JLP has been the topic of several research analyst reports. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 7 ($0.09) price objective on shares of Jubilee Metals Group in a research report on Tuesday, April 1st. Royal Bank of Canada reduced their target price on shares of Jubilee Metals Group from GBX 830 ($11.23) to GBX 770 ($10.42) and set an "outperform" rating for the company in a research note on Tuesday, January 28th.

Jubilee Metals Group Trading Down 3.2%

The firm's fifty day moving average is GBX 3.36 and its two-hundred day moving average is GBX 3.86. 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 firm has a market cap of £128.39 million, a P/E ratio of 20.43 and a beta of 1.47.

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.