Andrada Mining (LON:ATM) Stock Price Down 2.8% – Here’s Why

Andrada Mining Limited (LON:ATM) shares fell 2.8% during trading on Thursday . The company traded as low as GBX 3.41 and last traded at GBX 3.50. 2,628,104 shares changed hands during trading, a decline of 58% from the average session volume of 6,215,533 shares. The stock had previously closed at GBX 3.60.

Andrada Mining Trading Down 1.4%

The company has a quick ratio of 0.51, a current ratio of 1.93 and a debt-to-equity ratio of 62.31. The firm has a market capitalization of £64.53 million, a price-to-earnings ratio of -5.66 and a beta of 0.74. The business has a 50-day moving average of GBX 3.23 and a two-hundred day moving average of GBX 3.10.

Andrada Mining (LON:ATM) last announced its quarterly earnings data on Thursday, November 27th. The company reported GBX (0.19) EPS for the quarter. Andrada Mining had a negative return on equity of 28.67% and a negative net margin of 44.64%. Research analysts predict that Andrada Mining Limited will post 0.2002584 EPS for the current fiscal year.

About Andrada Mining

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.