Andrada Mining (LON:ATM) Sets New 12-Month Low – Time to Sell?

Andrada Mining Limited (LON:ATM)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 1.85 ($0.02) and last traded at GBX 1.87 ($0.02), with a volume of 7403360 shares. The stock had previously closed at GBX 2.04 ($0.03).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 11 ($0.14) price objective on shares of Andrada Mining in a research report on Thursday, November 28th.

Andrada Mining Trading Down 8.3 %

The firm has a market capitalization of £29.65 million, a price-to-earnings ratio of -3.10 and a beta of 0.74. The business’s 50 day moving average price is GBX 2.21 and its 200-day moving average price is GBX 2.77. The company has a debt-to-equity ratio of 62.31, a current ratio of 1.93 and a quick ratio of 0.51.

Andrada Mining (LON:ATM) last released its earnings results on Thursday, November 28th. The company reported GBX (0.21) ($0.00) earnings per share (EPS) for the quarter. Andrada Mining had a negative return on equity of 28.67% and a negative net margin of 44.64%. Equities analysts forecast that Andrada Mining Limited will post 0.2002584 EPS for the current fiscal year.

Andrada Mining Company Profile

Andrada Mining Limited is a mining company with an ambition to become the tech-metal champion of Africa. The Company’s flagship asset, the Uis Mine in Namibia, is a globally significant, conflict-free, tin-producing mine with additional tech-metal development opportunities. Formerly the world’s largest hard-rock open cast tin mine, Uis surpassed Phase 1 nameplate production of 720tpa tin in November 2020.