Jubilee Metals Group (LON:JLP) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Jubilee Metals Group (LON:JLP) in a report published on Tuesday morning, MarketBeat.com reports. The firm currently has a GBX 10 ($0.13) price objective on the stock.

Jubilee Metals Group Price Performance

JLP stock opened at GBX 5.34 ($0.07) on Tuesday. Jubilee Metals Group has a 1 year low of GBX 4.60 ($0.06) and a 1 year high of GBX 8.90 ($0.12). The firm has a market cap of £160.73 million, a P/E ratio of 580.00 and a beta of 1.52. The stock’s 50 day moving average price is GBX 6.18 and its 200 day moving average price is GBX 6.56. The company has a debt-to-equity ratio of 10.94, a quick ratio of 1.15 and a current ratio of 1.12.

Insider Activity at Jubilee Metals Group

In other Jubilee Metals Group news, insider Leon Coetzer acquired 625,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was acquired at an average price of GBX 6 ($0.08) per share, with a total value of £37,500 ($49,309.66). 29.99% of the stock is owned by 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.