Andrada Mining (LON:ATM) Stock Price Up 21.4% – Here’s Why

Andrada Mining Limited (LON:ATM) shares rose 21.4% on Friday . The company traded as high as GBX 2.37 ($0.03) and last traded at GBX 2.37 ($0.03). Approximately 28,104,535 shares traded hands during mid-day trading, an increase of 184% from the average daily volume of 9,896,330 shares. The stock had previously closed at GBX 1.95 ($0.03).

Analyst Upgrades and Downgrades

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

Andrada Mining Stock Performance

The company has a debt-to-equity ratio of 62.31, a quick ratio of 0.51 and a current ratio of 1.93. The stock has a market cap of £38.05 million, a PE ratio of -3.98 and a beta of 0.74. The company’s 50 day simple moving average is GBX 2.19 and its 200 day simple moving average is GBX 2.73.

About Andrada Mining

Andrada Mining Limited is a mining company with an ambition to become the tech-metal champion of Africa. The Company’s flagship asset, the Uis Mine in Namibia, is a globally significant, conflict-free, tin-producing mine with additional tech-metal development opportunities. Formerly the world’s largest hard-rock open cast tin mine, Uis surpassed Phase 1 nameplate production of 720tpa tin in November 2020.