Andrada Mining (LON:ATM) Stock Price Down 4.2% – What’s Next?

Andrada Mining Limited (LON:ATM) shares fell 4.2% during mid-day trading on Friday . The company traded as low as GBX 2.30 ($0.03) and last traded at GBX 2.30 ($0.03). 1,087,000 shares traded hands during trading, a decline of 62% from the average session volume of 2,856,853 shares. The stock had previously closed at GBX 2.40 ($0.03).

Wall Street Analyst Weigh In

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

Andrada Mining Trading Down 9.7 %

The firm’s 50 day moving average is GBX 2.77 and its 200 day moving average is GBX 3.38. The company has a debt-to-equity ratio of 45.74, a current ratio of 1.92 and a quick ratio of 0.51. The company has a market cap of £35.77 million, a PE ratio of -216.80 and a beta of 0.74.

Andrada Mining Company Profile

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.