Jangada Mines (LON:JAN) Trading Down 3.5% – Time to Sell?

Jangada Mines Plc (LON:JAN)’s share price was down 3.5% during mid-day trading on Tuesday . The stock traded as low as GBX 1.02 and last traded at GBX 1.11. Approximately 9,027,839 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 11,578,492 shares. The stock had previously closed at GBX 1.15.

Jangada Mines Stock Down 3.5%

The stock has a market cap of £9.36 million, a price-to-earnings ratio of -2.18 and a beta of 1.77. The company’s 50-day simple moving average is GBX 1.56 and its 200-day simple moving average is GBX 1.69.

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.