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

Andrada Mining Limited (LON:ATM) dropped 1.1% on Thursday . The stock traded as low as GBX 4 and last traded at GBX 4.11. Approximately 3,267,793 shares were traded 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.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 8 price objective on shares of Andrada Mining in a report on Thursday, March 26th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 8.

Andrada Mining Trading Down 1.1%

The company has a market cap of £90.29 million, a P/E ratio of -6.73 and a beta of 0.98. The business has a fifty day moving average price of GBX 3.71 and a 200-day moving average price of GBX 3.62. The company has a quick ratio of 0.51, a current ratio of 1.09 and a debt-to-equity ratio of 82.71.

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.