Andrada Mining (LON:ATM) Stock Price Down 1.1% – Here’s Why

Andrada Mining Limited (LON:ATM)’s share price dropped 1.1% during trading on Thursday . The company traded as low as GBX 4 and last traded at GBX 4.11. Approximately 3,267,793 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 9,435,852 shares. The stock had previously closed at GBX 4.15.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 8 target price on shares of Andrada Mining in a research note on Thursday, March 26th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Andrada Mining currently has a consensus rating of “Buy” and an average target price of GBX 8.

Andrada Mining Stock Down 1.1%

The firm has a market cap of £89.28 million, a PE ratio of -6.66 and a beta of 0.98. The business’s 50 day moving average price is GBX 3.71 and its 200 day moving average price is GBX 3.62. The company has a debt-to-equity ratio of 82.71, a current ratio of 1.09 and a quick ratio of 0.51.

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.