Jubilee Metals Group (LON:JLP) Stock Passes Below 200 Day Moving Average - Here's Why

Jubilee Metals Group PLC (LON:JLP - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4.79 ($0.06) and traded as low as GBX 3.80 ($0.05). Jubilee Metals Group shares last traded at GBX 3.85 ($0.05), with a volume of 3,462,938 shares.

Analysts Set New Price Targets

Separately, Royal Bank of Canada dropped their price target on shares of Jubilee Metals Group from GBX 830 ($10.44) to GBX 770 ($9.69) and set an "outperform" rating on the stock in a research report on Tuesday, January 28th.

Jubilee Metals Group Trading Up 3.9 %

The firm's 50-day simple moving average is GBX 4.02 and its 200 day simple moving average is GBX 4.75. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 12.28. The stock has a market capitalization of £120.55 million, a P/E ratio of 19.18 and a beta of 1.47.

About Jubilee Metals Group

Jubilee Metals Group Plc (JLP) is an international and diversified metals producer listed on AIM and Alt-X. The company is focused on the treatment of both surface tailings materials and primary mineral ore generated from 3rd party mining operations. Led by an experienced team with the ability to design, build and execute environmentally conscious metals recovery solutions, Jubilee has a well-developed strategy to widen geographic and metals exposure driven by rising environmental obligations. Jubilee Metals has an established multi project portfolio providing exposure to a broad commodity basket including Platinum Group Metals (‘PGMs'), chrome, copper, lead, zinc, vanadium and cobalt.