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

Canaccord Genuity Group reiterated their buy rating on shares of Jubilee Metals Group (LON:JLP) in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have a GBX 10 ($0.13) target price on the stock.

Jubilee Metals Group Price Performance

LON JLP opened at GBX 5.34 ($0.07) on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 10.94. The stock has a market capitalization of £160.73 million, a PE ratio of 580.00 and a beta of 1.52. The company has a 50 day moving average price of GBX 6.18 and a two-hundred day moving average price of GBX 6.56. 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).

Insider Transactions at Jubilee Metals Group

In related news, insider Leon Coetzer bought 625,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were 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 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.