Andrada Mining (LON:ATM) Shares Down 3.5% – Time to Sell?

Andrada Mining Limited (LON:ATM) traded down 3.5% on Wednesday . The stock traded as low as GBX 3.62 and last traded at GBX 3.62. Approximately 7,854,664 shares were traded during mid-day trading, a decline of 2% from the average session volume of 7,981,017 shares. The stock had previously closed at GBX 3.75.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 8 price objective on shares of Andrada Mining in a report on Thursday, March 26th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Andrada Mining currently has a consensus rating of “Buy” and a consensus target price of GBX 8.

Andrada Mining Stock Down 3.5%

The firm’s fifty day simple moving average is GBX 3.90 and its 200-day simple moving average is GBX 3.81. The company has a market cap of £79.60 million, a PE ratio of -5.93 and a beta of 1.10. The company has a quick ratio of 0.51, a current ratio of 1.09 and a debt-to-equity ratio of 82.71.

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.