Jangada Mines (LON:JAN) Shares Up 11.2% – Time to Buy?

Jangada Mines Plc (LON:JAN)’s share price traded up 11.2% on Tuesday . The stock traded as high as GBX 1.55 and last traded at GBX 1.50. 10,050,627 shares changed hands during mid-day trading, an increase of 40% from the average session volume of 7,161,372 shares. The stock had previously closed at GBX 1.35.

Jangada Mines Stock Performance

The stock has a 50-day moving average of GBX 1.56 and a two-hundred day moving average of GBX 1.09. The company has a market cap of £10.50 million, a P/E ratio of -2.94 and a beta of 1.31.

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.