Jangada Mines (LON:JAN) Stock Price Down 16.1% – What’s Next?

Jangada Mines Plc (LON:JAN) was down 16.1% during trading on Wednesday . The stock traded as low as GBX 0.65 ($0.01) and last traded at GBX 0.65 ($0.01). Approximately 2,676,680 shares were traded during trading, an increase of 272% from the average daily volume of 719,098 shares. The stock had previously closed at GBX 0.78 ($0.01).

Jangada Mines Stock Down 16.1 %

The stock has a market cap of £1.68 million, a PE ratio of 2.23 and a beta of 1.31. The company has a debt-to-equity ratio of 1.20, a quick ratio of 19.49 and a current ratio of 0.81. The company’s 50-day moving average price is GBX 0.83 and its 200 day moving average price is GBX 1.09.

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.