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

Jubilee Metals Group PLC (LON:JLP) shares 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 restated a “buy” rating and set a GBX 10 ($0.13) target price on shares of Jubilee Metals Group in a report on Thursday, September 19th.

Jubilee Metals Group Stock Performance

The stock has a market cap of £136.65 million, a P/E ratio of 580.00 and a beta of 1.47. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 12.06. The stock has a fifty day simple moving average of GBX 5.09 and a 200-day simple moving average of GBX 6.40.

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.