Jangada Mines (LON:JAN) Trading Up 11.2% – Still a Buy?

Shares of Jangada Mines Plc (LON:JAN) were up 11.2% during trading on Tuesday . The company traded as high as GBX 1.55 and last traded at GBX 1.50. Approximately 10,050,627 shares traded hands during trading, an increase of 40% from the average daily volume of 7,161,372 shares. The stock had previously closed at GBX 1.35.

Jangada Mines Trading Up 11.2%

The company has a market capitalization of £10.50 million, a P/E ratio of -2.94 and a beta of 1.31. The company’s 50 day moving average is GBX 1.56 and its 200-day moving average is GBX 1.09.

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.