Jubilee Metals Group (LON:JLP) Shares Cross Below 200 Day Moving Average – Here’s Why

Jubilee Metals Group PLC (LON:JLP) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3.22 and traded as low as GBX 2.83. Jubilee Metals Group shares last traded at GBX 2.95, with a volume of 6,106,555 shares.

Jubilee Metals Group Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 12.28. The stock has a market capitalization of £92.82 million, a price-to-earnings ratio of 59.00 and a beta of 1.47. The business’s 50 day simple moving average is GBX 2.96 and its 200-day simple moving average is GBX 3.21.

About Jubilee Metals Group

Jubilee Metals Group Plc (JLP) is an international and diversified metals producer listed on AIM and Alt-X. The company is focused on the treatment of both surface tailings materials and primary mineral ore generated from 3rd party mining operations. Led by an experienced team with the ability to design, build and execute environmentally conscious metals recovery solutions, Jubilee has a well-developed strategy to widen geographic and metals exposure driven by rising environmental obligations.

Jubilee Metals has an established multi project portfolio providing exposure to a broad commodity basket including Platinum Group Metals (‘PGMs’), chrome, copper, lead, zinc, vanadium and cobalt.