Andrada Mining (LON:ATM) Earns Buy Rating from Berenberg Bank

Andrada Mining (LON:ATM)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a report released on Thursday, MarketBeat reports. They currently have a GBX 11 ($0.14) price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 300.00% from the company’s previous close.

Andrada Mining Trading Up 17.0 %

Shares of Andrada Mining stock opened at GBX 2.75 ($0.04) on Thursday. The company has a 50 day simple moving average of GBX 3.01 and a two-hundred day simple moving average of GBX 3.60. Andrada Mining has a 1 year low of GBX 2.10 ($0.03) and a 1 year high of GBX 6 ($0.08). 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 firm has a market cap of £45.38 million, a PE ratio of -275.00 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.