Jangada Mines (LON:JAN) Trading 11.2% Higher – Still a Buy?

Jangada Mines Plc (LON:JAN)’s share price rose 11.2% during trading on Tuesday . The stock traded as high as GBX 1.55 and last traded at GBX 1.50. Approximately 10,050,627 shares were traded during trading, an increase of 40% from the average daily volume of 7,161,372 shares. The stock had previously closed at GBX 1.35.

Jangada Mines Price Performance

The stock’s 50 day moving average price is GBX 1.58 and its two-hundred day moving average price is GBX 1.10. The firm has a market capitalization of £9.79 million, a price-to-earnings ratio of -2.75 and a beta of 1.31.

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.