Andrada Mining (LON:ATM) Trading Down 0.5% – Here’s What Happened

Andrada Mining Limited (LON:ATM)’s stock price dropped 0.5% during trading on Tuesday . The company traded as low as GBX 3.70 and last traded at GBX 3.78. Approximately 2,634,138 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 8,709,058 shares. The stock had previously closed at GBX 3.80.

Analyst Upgrades and Downgrades

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

Andrada Mining Stock Performance

The company has a market cap of £83.12 million, a P/E ratio of -6.20 and a beta of 1.14. The company has a quick ratio of 0.51, a current ratio of 1.09 and a debt-to-equity ratio of 82.71. The stock’s 50-day moving average price is GBX 3.90 and its 200 day moving average price is GBX 3.77.

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.