Jangada Mines (LON:JAN) Stock Price Down 16.1% – Here’s Why

Jangada Mines Plc (LON:JAN) traded down 16.1% during trading on Wednesday . The stock traded as low as GBX 0.65 ($0.01) and last traded at GBX 0.65 ($0.01). 2,676,680 shares traded hands during mid-day trading, an increase of 272% from the average session volume of 719,098 shares. The stock had previously closed at GBX 0.78 ($0.01).

Jangada Mines Stock Up 16.3 %

The company’s fifty day simple moving average is GBX 0.81 and its 200 day simple moving average is GBX 1.09. The firm has a market capitalization of £2.03 million, a P/E ratio of 2.23 and a beta of 1.31. The company has a current ratio of 0.81, a quick ratio of 19.49 and a debt-to-equity ratio of 1.20.

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.