Jubilee Metals Group (LON:JLP) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Jubilee Metals Group PLC (LON:JLP) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4.79 ($0.06) and traded as low as GBX 3.80 ($0.05). Jubilee Metals Group shares last traded at GBX 3.85 ($0.05), with a volume of 3,462,938 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut their price objective on Jubilee Metals Group from GBX 830 ($10.33) to GBX 770 ($9.58) and set an “outperform” rating on the stock in a research report on Tuesday, January 28th.

Jubilee Metals Group Price Performance

The company has a market cap of £116.46 million, a price-to-earnings ratio of 580.00 and a beta of 1.47. The company’s 50-day simple moving average is GBX 4.05 and its 200-day simple moving average is GBX 4.79. The company has a debt-to-equity ratio of 12.06, 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.