Jangada Mines (LON:JAN) Stock Price Down 13% – Time to Sell?

Jangada Mines Plc (LON:JAN)’s share price was down 13% during trading on Monday . The stock traded as low as GBX 1.50 and last traded at GBX 1.57. Approximately 39,457,934 shares were traded during mid-day trading, an increase of 153% from the average daily volume of 15,570,521 shares. The stock had previously closed at GBX 1.80.

Jangada Mines Trading Down 8.7%

The stock has a market capitalization of £13.15 million, a price-to-earnings ratio of -3.22 and a beta of 1.59. The business has a 50 day simple moving average of GBX 1.85 and a 200-day simple moving average of GBX 1.45.

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.