Jubilee Metals Group (LON:JLP) Shares Pass Below 200-Day Moving Average – Should You Sell?

Jubilee Metals Group PLC (LON:JLP)’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 changing hands.

Wall Street Analysts Forecast Growth

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

Jubilee Metals Group Stock Up 2.0 %

The stock has a market capitalization of £93.43 million, a price-to-earnings ratio of 14.87 and a beta of 1.47. 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 firm has a 50-day moving average of GBX 3.45 and a two-hundred day moving average of GBX 4.09.

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.