Jangada Mines (LON:JAN) Hits New 52-Week Low – What’s Next?
by Michael Walen · The Markets DailyJangada Mines Plc (LON:JAN – Get Free Report) reached a new 52-week low during trading on Tuesday. The company traded as low as GBX 0.60 and last traded at GBX 0.65, with a volume of 530478 shares trading hands. The stock had previously closed at GBX 0.62.
Jangada Mines Stock Performance
The firm has a market capitalization of £5.57 million, a P/E ratio of -1.51 and a beta of 1.73. The firm has a 50 day simple moving average of GBX 0.74 and a two-hundred day simple moving average of GBX 1.14.
About Jangada Mines
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.