Jubilee Metals Group (LON:JLP) Shares Pass Below 200 Day Moving Average – Should You Sell?

Jubilee Metals Group PLC (LON:JLP) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 6.21 ($0.08) and traded as low as GBX 4.49 ($0.06). Jubilee Metals Group shares last traded at GBX 4.75 ($0.06), with a volume of 76,289,072 shares traded.

Analysts Set New Price Targets

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

Jubilee Metals Group Price Performance

The company has a debt-to-equity ratio of 12.06, a quick ratio of 1.15 and a current ratio of 1.13. The firm has a market capitalization of £163.14 million, a P/E ratio of 580.00 and a beta of 1.47. The stock’s 50 day simple moving average is GBX 4.81 and its 200 day simple moving average is GBX 6.19.

About Jubilee Metals Group

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.