Andrada Mining (LON:ATM) Trading Down 1.4%

Andrada Mining Limited (LON:ATM) shares dropped 1.4% during trading on Monday . The stock traded as low as GBX 3.30 ($0.04) and last traded at GBX 3.40 ($0.05). Approximately 1,746,040 shares traded hands during trading, a decline of 41% from the average daily volume of 2,950,058 shares. The stock had previously closed at GBX 3.45 ($0.05).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 10 ($0.13) price objective on shares of Andrada Mining in a report on Monday, September 9th.

Andrada Mining Stock Down 1.5 %

The firm has a fifty day moving average price of GBX 3.42 and a 200 day moving average price of GBX 4.13. The company has a debt-to-equity ratio of 45.74, a quick ratio of 0.51 and a current ratio of 1.92. The firm has a market capitalization of £55.28 million, a price-to-earnings ratio of -338.80 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.