Jangada Mines (LON:JAN) Trading Down 5.4% – Should You Sell?

Jangada Mines Plc (LON:JAN)’s stock price dropped 5.4% during mid-day trading on Monday . The company traded as low as GBX 0.80 and last traded at GBX 0.85. Approximately 8,121,411 shares were traded during trading, a decline of 15% from the average daily volume of 9,540,962 shares. The stock had previously closed at GBX 0.90.

Jangada Mines Trading Up 1.1%

The firm has a market capitalization of £7.59 million, a PE ratio of -2.06 and a beta of 2.15. The firm’s fifty day moving average price is GBX 1.20 and its 200 day moving average price is GBX 1.55.

Jangada Mines Company Profile

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.