Jubilee Metals Group (LON:JLP) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Jubilee Metals Group PLC (LON:JLP) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 10 ($0.13) price objective on shares of Jubilee Metals Group in a research report on Thursday, September 19th.

Jubilee Metals Group Price Performance

The stock has a market cap of £138.46 million, a P/E ratio of 580.00 and a beta of 1.47. The company’s 50 day moving average price is GBX 5.15 and its 200-day moving average price is GBX 6.42. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 12.06.

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.