Jangada Mines (LON:JAN) Stock Falls 3.9% – Here’s Why

Jangada Mines Plc (LON:JAN) dropped 3.9% during trading on Friday. The stock traded as low as GBX 0.60 and last traded at GBX 0.65. Approximately 4,435,148 shares changed hands during trading, a decline of 45% from the average session volume of 8,026,562 shares. The stock had previously closed at GBX 0.68.

Jangada Mines Trading Down 3.9%

The stock has a 50-day moving average price of GBX 0.77 and a two-hundred day moving average price of GBX 1.20. The stock has a market cap of £5.57 million, a price-to-earnings ratio of -1.51 and a beta of 1.73.

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.