Jangada Mines Plc (LON:JAN – Get Free Report) shares dropped 16.7% during trading on Thursday . The company traded as low as GBX 1 ($0.01) and last traded at GBX 1 ($0.01). Approximately 403,107 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 245,479 shares. The stock had previously closed at GBX 1.20 ($0.02).
Jangada Mines Trading Down 16.7 %
The firm has a market cap of £2.59 million, a PE ratio of 2.23 and a beta of 1.31. The company has a current ratio of 2.08, a quick ratio of 19.49 and a debt-to-equity ratio of 1.20. The business has a fifty day moving average price of GBX 1.32 and a 200 day moving average price of GBX 1.43.
About Jangada Mines
Jangada Mines Plc, through its subsidiaries, engages in the exploration and development of mining assets in Brazil. The company explores for vanadium, titanium, and iron deposits. It holds 100% interest in the Pitombeiras vanadium project located in the state of Ceará, Brazil. Jangada Mines Plc was incorporated in 2015 and is based in London, the United Kingdom.
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