Jangada Mines Plc (LON:JAN – Get Free Report)’s share price dropped 10.4% during mid-day trading on Wednesday . The company traded as low as GBX 1.02 ($0.01) and last traded at GBX 1.08 ($0.01). Approximately 623,000 shares traded hands during mid-day trading, an increase of 160% from the average daily volume of 239,511 shares. The stock had previously closed at GBX 1.20 ($0.02).
Jangada Mines Stock Performance
The company has a debt-to-equity ratio of 1.20, a current ratio of 0.81 and a quick ratio of 19.49. The firm has a market capitalization of £2.78 million, a PE ratio of 2.23 and a beta of 1.31. The company’s fifty day simple moving average is GBX 1.16 and its 200 day simple moving average is GBX 1.26.
About Jangada Mines
Jangada Mines Plc, through its subsidiaries, engages in the exploration and development of mining assets in Brazil. The company explores for vanadium, titanium, and iron deposits. It holds 100% interest in the Pitombeiras vanadium project located in the state of Ceará, Brazil. The company was incorporated in 2015 and is based in London, the United Kingdom.
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