Andrada Mining (LON:ATM) Stock Price Down 4.4% – Here’s Why

Shares of Andrada Mining Limited (LON:ATM) were down 4.4% on Friday . The stock traded as low as GBX 3.23 and last traded at GBX 3.23. Approximately 4,807,951 shares were traded during trading, a decline of 59% from the average daily volume of 11,802,104 shares. The stock had previously closed at GBX 3.38.

Andrada Mining Stock Performance

The stock has a 50-day moving average of GBX 3.97 and a 200-day moving average of GBX 3.53. The firm has a market cap of £63.07 million, a price-to-earnings ratio of -5.29 and a beta of 0.81. 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 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.