Jubilee Metals Group (LON:JLP) Stock Rating Reaffirmed by Canaccord Genuity Group

Jubilee Metals Group (LON:JLP)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a report issued on Tuesday, Marketbeat.com reports. They currently have a GBX 10 ($0.13) target price on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 83.49% from the company’s previous close.

Jubilee Metals Group Price Performance

Shares of JLP stock opened at GBX 5.45 ($0.07) on Tuesday. The firm has a market capitalization of £164.05 million, a price-to-earnings ratio of 580.00 and a beta of 1.52. Jubilee Metals Group has a fifty-two week low of GBX 4.60 ($0.06) and a fifty-two week high of GBX 8.90 ($0.12). The company has a debt-to-equity ratio of 10.94, a quick ratio of 1.15 and a current ratio of 1.12. The stock’s 50-day simple moving average is GBX 6.24 and its 200-day simple moving average is GBX 6.57.

Insider Activity

In other news, insider Leon Coetzer bought 625,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was purchased at an average price of GBX 6 ($0.08) per share, with a total value of £37,500 ($49,309.66). Corporate insiders own 29.99% of the company’s stock.

Jubilee Metals Group Company Profile

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.