Beaufort Securities Reiterates “Speculative Buy” Rating for Jangada Mines PLC (JAN)

Beaufort Securities reiterated their speculative buy rating on shares of Jangada Mines PLC (LON:JAN) in a research report released on Tuesday morning.

Shares of Jangada Mines PLC (JAN) remained flat at $GBX 4.63 ($0.06) during mid-day trading on Tuesday. 262,275 shares of the company’s stock traded hands, compared to its average volume of 459,748. Jangada Mines PLC has a 1-year low of GBX 4.25 ($0.06) and a 1-year high of GBX 5.68 ($0.07).

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Jangada Mines PLC Company Profile

Jangada Mines PLC is a United Kingdom-based company. The Company is focused on the natural resource sector.The Company owns, through its Brazilian subsidiary 44 exploration licenses and three mining licenses covering 55,000ha over the Pedra Branca PGM project in NE Brazil. The Company’s Pedra Branca PGM project comprises four main deposits that, on aggregate, have a combined JORC-compliant mineral resource estimate of 23.1Mt grading 1.28g/t 2PGE+Au, containing 952koz of platinum, palladium and gold.

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