Andrada Mining (LON:ATM) Stock Price Down 6% – Here’s Why

Andrada Mining Limited (LON:ATM) shares were down 6% during trading on Tuesday . The company traded as low as GBX 3.70 and last traded at GBX 3.90. Approximately 20,247,389 shares were traded during trading, an increase of 125% from the average daily volume of 9,007,997 shares. The stock had previously closed at GBX 4.15.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 8 price target 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 MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 8.

Andrada Mining Price Performance

The stock has a market cap of £85.76 million, a PE ratio of -6.39 and a beta of 1.14. The business has a fifty day simple moving average of GBX 3.76 and a two-hundred day simple moving average of GBX 3.73. The company has a current ratio of 1.09, a quick ratio of 0.51 and a debt-to-equity ratio of 82.71.

Andrada Mining Company Profile

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.