Jangada Mines (LON:JAN) Reaches New 12-Month Low – Here’s Why

by · The Cerbat Gem

Jangada Mines Plc (LON:JAN – Get Free Report)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as GBX 0.65 ($0.01) and last traded at GBX 0.70 ($0.01), with a volume of 100000 shares trading hands. The stock had previously closed at GBX 0.75 ($0.01).

Jangada Mines Stock Performance

The firm’s 50 day moving average price is GBX 0.76 and its two-hundred day moving average price is GBX 0.96. The firm has a market cap of £2.27 million, a PE ratio of -3,393.12 and a beta of 1.31.

About Jangada Mines

(Get Free Report)

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.

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