Andrada Mining’s (ATM) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Andrada Mining (LON:ATM) in a report issued on Thursday morning, Marketbeat.com reports. The brokerage currently has a GBX 8 target price on the stock.

Andrada Mining Stock Down 3.3%

ATM stock opened at GBX 3.08 on Thursday. The company has a debt-to-equity ratio of 82.71, a quick ratio of 0.51 and a current ratio of 1.09. Andrada Mining has a fifty-two week low of GBX 2.30 and a fifty-two week high of GBX 4.90. The company has a market capitalization of £60.08 million, a price-to-earnings ratio of -5.04 and a beta of 0.81. The stock has a fifty day moving average of GBX 3.87 and a 200-day moving average of GBX 3.51.

Andrada Mining Company Profile

Andrada Mining Limited, formerly Afritin Mining Limited, is a London-listed technology metals mining company with a vision to create a portfolio of globally significant, conflict-free, production and exploration assets. The Company’s flagship asset is the Uis Mine in Namibia, formerly the world’s largest hard-rock open cast tin mine and currently being re-developed as a major tin-tantalum-lithium producer. An exploration drilling programme is currently underway with the aim of expanding the tin resource over the fourteen additional, historically mined pegmatites that occur within a 5km radius of the current processing plant.