Jubilee Metals Group (LON:JLP) Trading 8.4% Higher – What’s Next?

Jubilee Metals Group PLC (LON:JLP) shares rose 8.4% on Wednesday . The stock traded as high as GBX 3.40 ($0.04) and last traded at GBX 3.36 ($0.04). Approximately 3,436,701 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 5,990,985 shares. The stock had previously closed at GBX 3.10 ($0.04).

Analyst Ratings Changes

Several equities research analysts have commented on JLP shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 7 ($0.09) price target on shares of Jubilee Metals Group in a research note on Tuesday, April 1st. Royal Bank of Canada decreased their target price on Jubilee Metals Group from GBX 830 ($10.98) to GBX 770 ($10.19) and set an “outperform” rating for the company in a report on Tuesday, January 28th.

Jubilee Metals Group Stock Up 8.4 %

The firm has a 50-day simple moving average of GBX 3.45 and a 200 day simple moving average of GBX 4.09. The company has a market capitalization of £101.27 million, a PE ratio of 16.11 and a beta of 1.47. The company has a debt-to-equity ratio of 12.28, a current ratio of 1.13 and a quick ratio of 1.15.

Jubilee Metals Group Company Profile

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.