The bluejay mining share price is up today after the company announced that it had found a new deposit of gold. The shares are up by 3% in early trading on the news. This is good news for investors in the company as it will mean that the company will be able to increase its production and profits.
The share price is expected to continue to rise as more investors buy into the company on the back of this news.
The Bluejay Mining share price is up today after the company announced it had received final approval for its Pituffik titanium project in Greenland.
This is a major milestone for the company and means that it can now move forward with development of the mine, which is expected to start production in 2020.
The news has sent the shares soaring, and they are currently up over 20%.
This is a great result for shareholders who have been patiently waiting for some good news from the company.
It’s been a tough few years for Bluejay, but this latest development gives investors some much-needed optimism about the future. With construction set to begin soon, there could be further upside in the share price if all goes according to plan.
Bluejay Mining Share Price Forecast
The Bluejay Mining share price has been on a rollercoaster ride in recent months. After hitting an all-time high of 9p in April, the shares fell to a low of 3.7p in May. However, they have since recovered and are currently trading at around 6p.
So what is driving the Bluejay Mining share price? And where is it heading next? Let’s take a look…
What’s happened to the Bluejay Mining share price?
The big news for Bluejay Mining is that it has finally started production at its Dundas ilmenite project in Greenland. This is a major milestone for the company and should provide a boost to its bottom line going forward.
In addition, demand for ilmenite (the main component of titanium dioxide) is strong thanks to growing demand from the paint and plastics industries. This should help keep prices elevated, which will be good news for Bluejay’s margins.
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What is the Bluejay Mining Share Price
Bluejay Mining is a publicly traded company on the London Stock Exchange. As of June 2019, the share price was GBP 0.22.
How Has the Bluejay Mining Share Price Performed Over Time
Bluejay Mining is a mining company with its headquarters in the United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was founded in 2005 and has operations in Greenland, Finland and Canada.
The share price of Bluejay Mining has been volatile over time. In December 2016, the shares were trading at around 35p but by December 2017, they had risen to almost 80p. However, 2018 was not a good year for the company and by December 2018, the shares had fallen back to around 40p.
2019 was a better year and by December 2019, the shares had risen to nearly 70p. 2020 started well but then Covid-19 hit and by March 2020, the shares had fallen back to around 30p. They have since recovered somewhat and are currently trading at around 45p.
Why Might the Bluejay Mining Share Price Move in a Particular Direction
When considering the Bluejay Mining share price, there are a number of factors that can move the price in a particular direction. One factor is the company’s production costs. If production costs increase, then the company’s margins will be squeezed and this could lead to a fall in the share price.
Another factor is demand for the company’s products. If demand falls then again this could lead to a decline in the share price. The final factor to consider is broader market movements.
For example, if there is a general fall in mining shares prices then this will likely impact Bluejay Mining as well.
What Factors Could Affect the Bluejay Mining Share Price in the Future
Bluejay Mining is a company that explores for and develops mineral properties. The company’s flagship project is the Disko-Nuuk project located in west Greenland. Bluejay Mining plc Ord GBP0.01 is listed on the London Stock Exchange, trading with ticker BAY.
The share price of Bluejay Mining could be affected by a number of different factors in the future. One factor that could affect the share price is the results of exploration activities at the Disko-Nuuk project. If successful, this could lead to an increase in the share price as investors would be confident in the company’s ability to find and develop minerals successfully.
Another factor that could affect the share price is changes in global demand for minerals. For example, if there was an increase in demand for metals used in electric vehicles, this could lead to an increase in prices and therefore also an increase in Bluejay’s share price.
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Conclusion
The Bluejay Mining share price has been on a roller-coaster ride in recent years. In 2015, the shares were trading at around 10p, but by early 2018 they had soared to over 200p. However, the stock then came under pressure and fell back to below 60p in late 2018.
The shares have recovered somewhat since then and are currently trading at around 80p.
Despite the volatility, there are a number of factors that suggest the Bluejay Mining share price could be set for further gains in the coming months. First of all, the company is making progress with its flagship Dundas project in Greenland.
This is a high-grade zinc, lead and silver deposit that is expected to start production later this year. Moreover, Bluejay recently secured $30 million of funding that will enable it to fast-track development of Dundas and also advance its other projects.
With progress being made on both the operational and financial fronts, it seems likely that the Bluejay Mining share price will continue to head higher in 2019.
