Jubilee Metals Group (LON:JLP) Trading 8.4% Higher – Time to Buy?

Jubilee Metals Group PLC (LON:JLP)’s stock price was up 8.4% during mid-day trading on Wednesday . The stock traded as high as GBX 3.40 ($0.04) and last traded at GBX 3.36 ($0.04). Approximately 3,436,701 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 5,990,985 shares. The stock had previously closed at GBX 3.10 ($0.04).

Analyst Upgrades and Downgrades

JLP has been the subject of a number of recent research reports. Canaccord Genuity Group reiterated a “buy” rating and set 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 cut their price objective on shares of Jubilee Metals Group from GBX 830 ($10.98) to GBX 770 ($10.19) and set an “outperform” rating for the company in a research report on Tuesday, January 28th.

Jubilee Metals Group Trading Up 8.4 %

The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 12.28. The stock has a market capitalization of £101.27 million, a price-to-earnings ratio of 16.11 and a beta of 1.47. The business has a 50 day simple moving average of GBX 3.45 and a 200-day simple moving average of GBX 4.09.

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.