Andrada Mining (LON:ATM) Stock Price Down 4.2% – Here’s Why

Andrada Mining Limited (LON:ATM) traded down 4.2% during 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 were traded 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).

Analyst Upgrades and Downgrades

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

Andrada Mining Price Performance

The stock’s fifty day simple moving average is GBX 2.74 and its 200-day simple moving average is GBX 3.35. 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 capitalization of £36.35 million, a P/E ratio of -220.30 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.