Jubilee Metals Group (LON:JLP) Shares Up 7.7% – Here’s Why

Jubilee Metals Group PLC (LON:JLP)’s share price shot up 7.7% during trading on Tuesday . The stock traded as high as GBX 3.50 and last traded at GBX 3.45. 6,188,257 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 8,849,236 shares. The stock had previously closed at GBX 3.20.

Jubilee Metals Group Stock Up 9.4%

The firm’s 50-day moving average price is GBX 2.98 and its two-hundred day moving average price is GBX 3.11. The company has a debt-to-equity ratio of 12.28, a quick ratio of 1.15 and a current ratio of 1.13. The firm has a market cap of £110.12 million, a PE ratio of 70.00 and a beta of 1.47.

About Jubilee Metals Group

Jubilee Metals Group Plc (JLP) is an international and diversified metals producer listed on AIM and Alt-X. The company is focused on the treatment of both surface tailings materials and primary mineral ore generated from 3rd party mining operations. Led by an experienced team with the ability to design, build and execute environmentally conscious metals recovery solutions, Jubilee has a well-developed strategy to widen geographic and metals exposure driven by rising environmental obligations.

Jubilee Metals has an established multi project portfolio providing exposure to a broad commodity basket including Platinum Group Metals (‘PGMs’), chrome, copper, lead, zinc, vanadium and cobalt.