Jangada Mines (LON:JAN) Stock Price Up 11% – Still a Buy?

Jangada Mines Plc (LON:JAN) rose 11% during mid-day trading on Friday . The company traded as high as GBX 0.75 ($0.01) and last traded at GBX 0.75 ($0.01). Approximately 1,026,747 shares changed hands during trading, an increase of 42% from the average daily volume of 724,523 shares. The stock had previously closed at GBX 0.68 ($0.01).

Jangada Mines Price Performance

The business’s fifty day moving average is GBX 0.81 and its 200-day moving average is GBX 1.09. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.81 and a quick ratio of 19.49. The firm has a market cap of £1.94 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.