Jangada Mines PLC (LON:JAN) reached a new 52-week low on Wednesday . The company traded as low as GBX 4.38 ($0.06) and last traded at GBX 4.38 ($0.06), with a volume of 0 shares changing hands. The stock had previously closed at GBX 4.63 ($0.06).

Separately, Beaufort Securities started coverage on Jangada Mines PLC in a research note on Thursday, June 29th. They issued a “speculative buy” rating and a GBX 9.60 ($0.13) target price for the company.

The firm’s 50 day moving average price is GBX 4.80 and its 200-day moving average price is GBX 5.08. The company’s market capitalization is GBX 8.64 million.

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Jangada Mines PLC Company Profile

Jangada Mines PLC is a United Kingdom-based company. The Company is focused on the natural resource sector.The Company owns, through its Brazilian subsidiary 44 exploration licenses and three mining licenses covering 55,000ha over the Pedra Branca PGM project in NE Brazil. The Company’s Pedra Branca PGM project comprises four main deposits that, on aggregate, have a combined JORC-compliant mineral resource estimate of 23.1Mt grading 1.28g/t 2PGE+Au, containing 952koz of platinum, palladium and gold.

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