Jubilee Metals Group (LON:JLP) Shares Pass Below 200 Day Moving Average - What's Next?

Jubilee Metals Group PLC (LON:JLP - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4.02 ($0.05) and traded as low as GBX 3.15 ($0.04). Jubilee Metals Group shares last traded at GBX 3.20 ($0.04), with a volume of 4,494,262 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on JLP shares. Royal Bank of Canada decreased their price target on Jubilee Metals Group from GBX 830 ($11.04) to GBX 770 ($10.24) and set an "outperform" rating for the company in a report on Tuesday, January 28th. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 7 ($0.09) target price on shares of Jubilee Metals Group in a research note on Tuesday, April 1st.

Jubilee Metals Group Price Performance

The firm has a 50 day moving average price of GBX 3.34 and a two-hundred day moving average price of GBX 4. The company has a market cap of £94.94 million, a P/E ratio of 15.11 and a beta of 1.47. The company has a debt-to-equity ratio of 12.28, a quick ratio of 1.15 and a current ratio of 1.13.

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.