Jubilee Metals Group (LON:JLP) Shares Up 3.2% – Here’s Why

Jubilee Metals Group PLC (LON:JLP) rose 3.2% during mid-day trading on Friday . The stock traded as high as GBX 4.80 ($0.06) and last traded at GBX 4.80 ($0.06). Approximately 1,313,886 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 5,323,284 shares. The stock had previously closed at GBX 4.65 ($0.06).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 10 ($0.13) target price on shares of Jubilee Metals Group in a research note on Thursday, September 19th.

Jubilee Metals Group Stock Performance

The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 12.06. The firm has a 50-day moving average price of GBX 4.75 and a two-hundred day moving average price of GBX 5.76. The firm has a market cap of £144.48 million, a PE ratio of 580.00 and a beta of 1.47.

About Jubilee Metals Group

Jubilee Metals Group plc operates as a diversified metals processing and recovery company. It operates through PGM and Chrome, Copper and Cobalt, and Other segments. The company explores for platinum group metals, such as platinum, palladium, rhodium, ruthenium, iridium, and osmium; and chrome, lead, zinc, vanadium, copper, and cobalt ores.