Jubilee Metals Group (LON:JLP) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Jubilee Metals Group PLC (LON:JLP) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3.69 ($0.05) and traded as low as GBX 3.43 ($0.05). Jubilee Metals Group shares last traded at GBX 3.50 ($0.05), with a volume of 3,605,020 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 7 ($0.09) price objective on shares of Jubilee Metals Group in a research note on Tuesday, April 1st.

Jubilee Metals Group Stock Performance

The firm has a market cap of £105.49 million, a price-to-earnings ratio of 16.79 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 stock has a fifty day moving average price of GBX 3.55 and a 200-day moving average price of GBX 3.69.

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.