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

Jubilee Metals Group PLC (LON:JLP)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4.47 ($0.06) and traded as low as GBX 3.46 ($0.04). Jubilee Metals Group shares last traded at GBX 3.46 ($0.04), with a volume of 1,448,521 shares.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut their price target on Jubilee Metals Group from GBX 830 ($10.75) to GBX 770 ($9.97) and set an “outperform” rating for the company in a research note on Tuesday, January 28th.

Jubilee Metals Group Price Performance

The company has a 50 day moving average price of GBX 3.86 and a 200 day moving average price of GBX 4.47. The firm has a market cap of £104.13 million, a PE ratio of 16.57 and a beta of 1.47. The company has a debt-to-equity ratio of 12.28, a current ratio of 1.13 and a quick ratio of 1.15.

About Jubilee Metals Group

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.