Jubilee Metals Group (LON:JLP) Shares Pass Below 200-Day Moving Average – What’s Next?

Jubilee Metals Group PLC (LON:JLP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 6.42 ($0.08) and traded as low as GBX 4.53 ($0.06). Jubilee Metals Group shares last traded at GBX 4.56 ($0.06), with a volume of 12,638,883 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 10 ($0.13) price target on shares of Jubilee Metals Group in a research report on Thursday, September 19th.

Jubilee Metals Group Stock Performance

The stock has a 50-day moving average of GBX 5.09 and a 200-day moving average of GBX 6.40. The firm has a market cap of £136.65 million, a price-to-earnings ratio of 580.00 and a beta of 1.47. The company has a debt-to-equity ratio of 12.06, a quick ratio of 1.15 and a current ratio of 1.13.

Jubilee Metals Group Company Profile

Jubilee Metals Group plc operates as a diversified metals processing and recovery company. It operates through PGM and Chrome, Copper and Cobalt, and Other segments. The company explores for platinum group metals, such as platinum, palladium, rhodium, ruthenium, iridium, and osmium; and chrome, lead, zinc, vanadium, copper, and cobalt ores.