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Jangada Mines PLC ( (GB:JAN) ) has shared an update.
Jangada Mines has raised gross proceeds of £83,333.33 through the exercise of warrants at 1 pence per share, issuing 8,333,333 new ordinary shares that will be admitted to trading on AIM, taking its total issued share capital to 712,649,653 shares. The new shares, which carry full voting rights and rank pari passu with existing stock, slightly dilute existing shareholders but provide additional funding to support the company’s ongoing exploration and development activities in Brazil, while also resetting the total voting rights denominator for investors’ disclosure obligations under UK market rules.
The most recent analyst rating on (GB:JAN) stock is a Hold with a £2.00 price target. To see the full list of analyst forecasts on Jangada Mines PLC stock, see the GB:JAN Stock Forecast page.
Spark’s Take on GB:JAN Stock
According to Spark, TipRanks’ AI Analyst, GB:JAN is a Neutral.
The score is held down mainly by weak financial performance (no revenue, recurring losses, and ongoing cash burn), partially offset by a low-leverage balance sheet. Technicals add modest support via generally positive longer-term moving-average structure and neutral momentum. Valuation remains a risk signal because the negative P/E reflects continued unprofitability and there is no dividend yield data to provide downside support.
To see Spark’s full report on GB:JAN stock, click here.
More about Jangada Mines PLC
Jangada Mines plc is a Brazil-focused natural resource development company listed on AIM in London, with a portfolio centred on the 7,211-hectare Paranaíta Gold Project and the 100%-owned Pitombeiras vanadium titanomagnetite project in northeast Brazil. The company targets high-grade gold and vanadium-titanium-iron mineralisation, leveraging extensive in-country, geological and financial expertise to advance existing assets and acquire additional projects, and also holds a minority stake in UK minerals technology company Fodere.
Average Trading Volume: 13,131,961
Technical Sentiment Signal: Buy
Current Market Cap: £9.86M
Find detailed analytics on JAN stock on TipRanks’ Stock Analysis page.