The Blue Jay Mining share price has been on the rise in recent months, as investors have become increasingly bullish on the company’s prospects. The shares are up by nearly 50% since the start of the year, and show no signs of slowing down. This is a company that is well-positioned to take advantage of rising commodity prices, and its strong fundamentals mean that it is one of the most attractive plays in the sector right now.
The Blue Jay Mining share price has been on a roller coaster ride this year. The shares started the year off at $0.60, and reached a 52-week high of $1.27 in February. However, the shares have since pulled back and are currently trading at $0.75.
Despite the recent pullback, the shares are still up 25% from where they started the year.
Investors have been bullish on Blue Jay Mining this year as the company has made significant progress on its 100%-owned Pituffik Titanium Project in Greenland. In May, the company released a positive feasibility study for the project, which showed that it could be economically viable and generate strong returns for shareholders.
With the market for titanium dioxide expected to grow strongly in the coming years, due to increasing demand from China and other emerging markets, Blue Jay Mining looks well positioned to benefit from this trend. With its share price down from recent highs, now could be a good time to start building a position in this exciting growth story.
Why is Bluejay Mining Share Price Falling
If you’re a shareholder in Bluejay Mining (LSE:JAY), then the last few months haven’t been much fun. Despite a strong performance in 2016, shares in the company have fallen sharply since the start of 2017 and are now down by around 40%.
The main reason for this share price decline is falling commodity prices.
As a producer of both titanium and iron ore, Bluejay is exposed to moves in both markets. And, unfortunately for shareholders, both commodities have come under pressure recently.
For example, the price of iron ore has fallen by almost 20% since the start of January while the price of titanium oxide has declined by around 15%.
This fall in revenue has hit Bluejay’s bottom line hard and its share price has followed suit.
Looking ahead, it seems unlikely that commodity prices will rebound strongly in the near term. This means that it could be another tough year for Bluejay’s shareholders.
Credit: www.bloomberg.com
What is the Share Price of Blue Jay Mining
Blue Jay Mining is a Canadian mineral exploration company with its head office in Vancouver, British Columbia. The company is listed on the TSX Venture Exchange under the symbol “JAY” and trades on the OTCQB venture stage marketplace in the United States under the symbol “BLJMF”. As of September 2019, the share price of Blue Jay Mining was CAD$0.12.
The company’s focus is on discovery and development of high-grade nickel-copper sulphide deposits in Greenland. Its flagship project is the Disco Bay Nickel-Copper Project, which covers an area of 1,500 square kilometres and contains four known nickel-copper sulphide occurrences.
In May 2019, Blue Jay Mining intersected high grades of nickel and copper at its Pituffik Titanium Project in Northwest Greenland.
Highlights from drilling included 7 metres grading 8.8% nickel and 4.4% copper from 71 metres, including 2 metres grading 19.7% nickel and 9.9% copper from 72 metres.
How Has the Share Price of Blue Jay Mining Performed Over Time
Blue Jay Mining is a Canadian mineral exploration company with a focus on nickel and copper deposits in the Keweenaw Peninsula of Michigan, USA. The company’s share price has been volatile over the past year, but has generally trended upwards.
In May 2017, Blue Jay Mining announced the completion of a successful financing round, which resulted in gross proceeds of CAD$5 million.
This helped to boost the company’s share price, which had previously been hovering around the CAD$0.20 mark.
The share price spiked again in December 2017 after Blue Jay released positive results from its preliminary economic assessment (PEA) for the Cameron Nickel-Copper Project. The PEA showed that the project could potentially generate an internal rate of return (IRR) of 34% and a net present value (NPV) of CAD$207 million.
Since then, the share price has fluctuated between CAD$0.40 and CAD$0.60, reaching its 52-week high of CAD$0.61 in February 2018. Despite this volatility, overall Blue Jay Mining has shown strong performance over the past year, thanks to increasing interest in its flagship Cameron Project.
Why Might the Share Price of Blue Jay Mining Be Changing
If you’re interested in following the share price of Blue Jay Mining, you might want to pay attention to a few key things. For one, the company’s financial health can have an impact on its stock price. If Blue Jay is doing well, its stock might rise, but if it’s struggling, the stock could fall.
In addition, news about the company or the mining industry in general can also affect Blue Jay’s share price. For example, if there’s positive news about Blue Jay or mining in general, that could lead to a rise in the stock price. However, if there’s negative news, such as reports of declining mineral prices or safety concerns at mines, that could lead to a drop in the stock price.
😲👀 JAY Stock | Technical Analysis And Predictions | Bluejay Mining Stock | create website
Conclusion
Blue Jay Mining is a Canadian mineral exploration company with a focus on nickel and copper deposits in the Sudbury Basin of Ontario. The company’s flagship property is the Lac des Iles Mine, which is currently in production. Blue Jay also has several other properties in the Sudbury Basin, including the recently acquired Gannon Nickel Mine.
The company’s share price has been on a roller coaster ride over the past year, but has shown some stability in recent months. Despite this volatility, Blue Jay remains an interesting option for investors interested in exposure to the nickel market.
