Jangada Mines (LON:JAN) Shares Up 11% – Still a Buy?

Jangada Mines Plc (LON:JANGet Free Report)’s stock price rose 11% during mid-day trading on Friday . The company traded as high as GBX 0.75 ($0.01) and last traded at GBX 0.75 ($0.01). Approximately 1,026,747 shares were traded during trading, an increase of 42% from the average daily volume of 724,523 shares. The stock had previously closed at GBX 0.68 ($0.01).

Jangada Mines Stock Up 16.3 %

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 50-day moving average of GBX 0.81 and a 200-day moving average of GBX 1.08. The firm has a market cap of £2.03 million, a price-to-earnings ratio of 2.23 and a beta of 1.31.

Jangada Mines Company Profile

(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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