Jangada Mines (LON:JAN) Trading Up 18.7% – Here’s What Happened

Jangada Mines Plc (LON:JAN) was up 18.7% during trading on Monday . The company traded as high as GBX 0.85 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 1,250,000 shares traded hands during trading, an increase of 457% from the average daily volume of 224,618 shares. The stock had previously closed at GBX 0.72 ($0.01).

Jangada Mines Price Performance

The company has a current ratio of 0.81, a quick ratio of 19.49 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average price of GBX 0.88 and a 200 day moving average price of GBX 1.12. The stock has a market cap of £2.10 million, a PE ratio of 2.23 and a beta of 1.31.

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.