Jangada Mines (LON:JAN) Trading Down 5.4% – Time to Sell?

Jangada Mines Plc (LON:JAN) traded down 5.4% during trading on Monday . The company traded as low as GBX 0.80 and last traded at GBX 0.85. Approximately 8,121,411 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 9,540,962 shares. The stock had previously closed at GBX 0.90.

Jangada Mines Stock Down 5.4%

The company has a market capitalization of £7.30 million, a P/E ratio of -1.98 and a beta of 2.15. The business’s 50-day moving average is GBX 1.23 and its two-hundred day moving average is GBX 1.56.

About Jangada Mines

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.