Jangada Mines Plc (LON:JAN – Get Free Report) shares rose 5.8% during trading on Tuesday. The stock traded as high as GBX 0.75 and last traded at GBX 0.69. Approximately 6,356,023 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 7,279,334 shares. The stock had previously closed at GBX 0.65.
Jangada Mines Price Performance
The company has a 50 day simple moving average of GBX 0.68 and a two-hundred day simple moving average of GBX 1.24. The company has a market capitalization of £5.58 million, a P/E ratio of -1.62 and a beta of 1.73.
Jangada Mines Company Profile
Jangada Mines Plc is a Brazilian focused mining project development company led by a team with deep industry, financial and in-country experience. Jangada has a dual growth strategy: to advance its 100%-owned Pitombeiras vanadium titanomagnetite (‘VTM’) Project in the state of Ceará, in the Northeast Region of Brazil to production; and to utilise its proven in-country and geological expertise to identify/acquire additional projects that it can rapidly advance to build value for shareholders.
The Company recognises the importance of commodities focussed on the renewable energy sector and to that end it has invested in various other opportunities including AIM listed Blencowe Resources plc and Fodere Titanium Limited, a UK minerals technology company.
Further Reading
- Five stocks we like better than Jangada Mines
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Receive News & Ratings for Jangada Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jangada Mines and related companies with MarketBeat.com's FREE daily email newsletter.
