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

Canaccord Genuity Group reiterated their buy rating on shares of Jubilee Metals Group (LON:JLP) in a research report report published on Thursday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 10 ($0.13) target price on the stock.

Jubilee Metals Group Stock Performance

Shares of JLP stock opened at GBX 4.88 ($0.06) on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 10.94. Jubilee Metals Group has a 12-month low of GBX 4.60 ($0.06) and a 12-month high of GBX 8.90 ($0.12). The business’s 50 day moving average is GBX 5.83 and its two-hundred day moving average is GBX 6.55. The company has a market capitalization of £146.89 million, a P/E ratio of 580.00 and a beta of 1.47.

Insider Activity at Jubilee Metals Group

In related news, insider Leon Coetzer purchased 625,000 shares of Jubilee Metals Group 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, for a total transaction of £37,500 ($49,537.65). 29.99% of the stock is owned by corporate insiders.

About Jubilee Metals Group

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.