Jubilee Metals Group (LON:JLP) Stock Crosses Below Two Hundred Day Moving Average of $6.53

Shares of Jubilee Metals Group PLC (LON:JLP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 6.53 ($0.09) and traded as low as GBX 4.80 ($0.06). Jubilee Metals Group shares last traded at GBX 4.80 ($0.06), with a volume of 4,531,345 shares traded.

Wall Street Analyst Weigh In

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

Jubilee Metals Group Price Performance

The firm has a market cap of £146.74 million, a price-to-earnings ratio of 580.00 and a beta of 1.47. The stock’s 50-day moving average price is GBX 5.60 and its 200 day moving average price is GBX 6.53. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 10.94.

Insiders Place Their Bets

In other news, insider Leon Coetzer acquired 625,000 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were bought at an average price of GBX 6 ($0.08) per share, with a total value of £37,500 ($50,160.51). Corporate insiders own 29.99% of the company’s stock.

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.