Jangada Mines (LON:JAN) Trading Down 10.9% – Here’s What Happened

Jangada Mines Plc (LON:JAN) traded down 10.9% during trading on Tuesday . The company traded as low as GBX 1.33 and last traded at GBX 1.34. 4,008,065 shares traded hands during trading, a decline of 65% from the average session volume of 11,468,413 shares. The stock had previously closed at GBX 1.50.

Jangada Mines Trading Down 10.9%

The stock has a market capitalization of £11.26 million, a price-to-earnings ratio of -2.62 and a beta of 1.77. The stock has a 50-day simple moving average of GBX 1.60 and a 200 day simple moving average of GBX 1.68.

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.