Jangada Mines (LON:JAN) Stock Price Down 10.3% – What’s Next?

Jangada Mines Plc (LON:JAN) shares dropped 10.3% on Tuesday . The company traded as low as GBX 1.55 and last traded at GBX 1.57. Approximately 25,206,643 shares changed hands during trading, an increase of 287% from the average daily volume of 6,512,517 shares. The stock had previously closed at GBX 1.75.

Jangada Mines Stock Performance

The stock has a market capitalization of £10.38 million, a price-to-earnings ratio of -3.08 and a beta of 1.31. The company has a fifty day simple moving average of GBX 1.32 and a two-hundred day simple moving average of GBX 1.03.

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.