Berenberg Bank Reiterates Buy Rating for Andrada Mining (LON:ATM)

Andrada Mining (LON:ATM)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 8 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 160.16% from the company’s previous close.

Andrada Mining Stock Down 3.3%

Shares of Andrada Mining stock opened at GBX 3.08 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.51 and a debt-to-equity ratio of 82.71. Andrada Mining has a 12-month low of GBX 2.30 and a 12-month high of GBX 4.90. The company has a market cap of £60.08 million, a P/E ratio of -5.04 and a beta of 0.81. The company’s fifty day simple moving average is GBX 3.87 and its two-hundred day simple moving average is GBX 3.51.

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.