Andrada Mining (LON:ATM) Issues Quarterly Earnings Results

Andrada Mining (LON:ATM) posted its quarterly earnings results on Wednesday. The company reported GBX 0.12 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Andrada Mining had a negative net margin of 35.55% and a negative return on equity of 43.82%.

Andrada Mining Trading Down 7.0%

Shares of LON:ATM traded down GBX 0.50 during trading on Thursday, reaching GBX 6.60. 28,261,750 shares of the company traded hands, compared to its average volume of 8,645,486. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 87.18. Andrada Mining has a 52-week low of GBX 2.60 and a 52-week high of GBX 7.50. The business’s fifty day moving average is GBX 6.31 and its 200-day moving average is GBX 4.75. The firm has a market capitalization of £145.13 million, a price-to-earnings ratio of -9.57 and a beta of 0.92.

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.