Andrada Mining (LON:ATM) Trading Up 9.4% – Here’s Why

Andrada Mining Limited (LON:ATM)’s share price was up 9.4% during trading on Friday . The stock traded as high as GBX 2.59 ($0.03) and last traded at GBX 2.57 ($0.03). Approximately 3,020,859 shares traded hands during trading, an increase of 6% from the average daily volume of 2,837,902 shares. The stock had previously closed at GBX 2.35 ($0.03).

Analyst Ratings Changes

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

Andrada Mining Stock Performance

The stock has a fifty day moving average price of GBX 3.01 and a 200-day moving average price of GBX 3.59. The firm has a market capitalization of £45.38 million, a price-to-earnings ratio of -275.00 and a beta of 0.74. The company has a current ratio of 1.92, a quick ratio of 0.51 and a debt-to-equity ratio of 45.74.

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.