Jangada Mines (LON:JAN) Trading 9.6% Higher – Should You Buy?

Jangada Mines Plc (LON:JAN)’s share price shot up 9.6% during mid-day trading on Friday . The company traded as high as GBX 1.60 and last traded at GBX 1.59. 20,661,412 shares were traded during trading, an increase of 286% from the average session volume of 5,347,263 shares. The stock had previously closed at GBX 1.45.

Jangada Mines Trading Up 10.3%

The company has a market cap of £10.25 million, a price-to-earnings ratio of -3.14 and a beta of 1.31. The stock’s 50-day moving average is GBX 1.02 and its 200-day moving average is GBX 0.91.

Jangada Mines Company Profile

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.