Andrada Mining (LON:ATM) Stock Price Down 8.4% – Here’s Why

Andrada Mining Limited (LON:ATM)’s share price fell 8.4% during trading on Friday . The company traded as low as GBX 4.14 and last traded at GBX 4.26. 11,982,150 shares were traded during mid-day trading, a decline of 12% from the average session volume of 13,582,367 shares. The stock had previously closed at GBX 4.65.

Andrada Mining Stock Performance

The stock has a 50 day moving average price of GBX 3.51 and a two-hundred day moving average price of GBX 3.22. The company has a debt-to-equity ratio of 62.31, a current ratio of 1.93 and a quick ratio of 0.51. The company has a market capitalization of £79.68 million, a price-to-earnings ratio of -6.98 and a beta of 0.74.

Andrada Mining (LON:ATM) last issued 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%. On average, analysts predict that Andrada Mining Limited will post 0.2002584 EPS for the current fiscal year.

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.