Jangada Mines (LON:JAN) Trading Up 12.8% – Time to Buy?

Jangada Mines Plc (LON:JAN) shares rose 12.8% during trading on Monday . The company traded as high as GBX 1.70 and last traded at GBX 1.60. Approximately 1,738,609 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 14,778,098 shares. The stock had previously closed at GBX 1.42.

Jangada Mines Stock Up 19.9%

The stock has a market cap of £13.60 million, a P/E ratio of -3.33 and a beta of 1.59. The firm has a 50 day moving average price of GBX 1.86 and a 200 day moving average price of GBX 1.50.

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.