Andrada Mining (LON:ATM) Trading Down 4.2% – Here’s What Happened

Posted by ABMN Staff on Dec 22nd, 2024

Andrada Mining Limited (LON:ATM – Get Free Report) shares traded down 4.2% during trading on Friday . The stock traded as low as GBX 2.30 ($0.03) and last traded at GBX 2.30 ($0.03). 1,087,000 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 2,856,853 shares. The stock had previously closed at GBX 2.40 ($0.03).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 11 ($0.14) price target on shares of Andrada Mining in a report on Thursday, November 28th.

Check Out Our Latest Analysis on Andrada Mining

Andrada Mining Trading Down 8.2 %

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 stock has a market cap of £36.35 million, a price-to-earnings ratio of -220.30 and a beta of 0.74. The business has a 50-day simple moving average of GBX 2.74 and a two-hundred day simple moving average of GBX 3.35.

About Andrada Mining

(Get Free Report)

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.