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

Jubilee Metals Group PLC (LON:JLP - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4.09 ($0.05) and traded as low as GBX 3 ($0.04). Jubilee Metals Group shares last traded at GBX 3.10 ($0.04), with a volume of 8,439,579 shares trading hands.

Wall Street Analysts Forecast Growth

JLP has been the topic of several analyst reports. Royal Bank of Canada reduced their target price on shares of Jubilee Metals Group from GBX 830 ($11.01) to GBX 770 ($10.22) and set an "outperform" rating on the stock in a report on Tuesday, January 28th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 7 ($0.09) target price on shares of Jubilee Metals Group in a research note on Tuesday, April 1st.

Jubilee Metals Group Stock Down 1.6 %

The firm's 50 day simple moving average is GBX 3.42 and its 200-day simple moving average is GBX 4.07. The company has a debt-to-equity ratio of 12.28, a current ratio of 1.13 and a quick ratio of 1.15. The company has a market cap of £94.94 million, a price-to-earnings ratio of 15.11 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.