Jangada Mines (LON:JAN) Trading 18.7% Higher – Here’s Why

Jangada Mines Plc (LON:JAN)’s stock price rose 18.7% on Monday . The stock traded as high as GBX 0.85 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 1,250,000 shares were traded during trading, an increase of 457% from the average daily volume of 224,618 shares. The stock had previously closed at GBX 0.72 ($0.01).

Jangada Mines Stock Up 18.7 %

The company has a current ratio of 0.81, a quick ratio of 19.49 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of £2.20 million, a PE ratio of 2.23 and a beta of 1.31. The stock’s fifty day simple moving average is GBX 0.88 and its 200-day simple moving average is GBX 1.12.

Jangada Mines Company Profile

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.