Andrada Mining (LON:ATM) Sets New 1-Year Low – Here’s What Happened

Shares of Andrada Mining Limited (LON:ATM) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 2.65 ($0.03) and last traded at GBX 2.67 ($0.03), with a volume of 1127804 shares trading hands. The stock had previously closed at GBX 2.85 ($0.04).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 10 ($0.13) price objective on shares of Andrada Mining in a research note on Monday, September 9th.

Andrada Mining Price Performance

The company has a 50-day moving average of GBX 3.35 and a 200-day moving average of GBX 3.88. The company has a debt-to-equity ratio of 45.74, a quick ratio of 0.51 and a current ratio of 1.92. The firm has a market capitalization of £43.73 million, a price-to-earnings ratio of -265.00 and a beta of 0.74.

About Andrada Mining

Andrada Mining Limited, together with its subsidiaries, is involved in the exploration and development of projects in Namibia and South Africa. Its flagship asset is the Uis brownfield tin mine located in the Erongo region, Namibia. The company was formerly known as AfriTin Mining Limited and changed its name to Andrada Mining Limited in January 2023.