Andrada Mining (LON:ATM) Stock Price Down 4.2% – Here’s Why

Andrada Mining Limited (LON:ATM)’s stock price was down 4.2% on Friday . The stock traded as low as GBX 2.30 ($0.03) and last traded at GBX 2.30 ($0.03). Approximately 1,087,000 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 2,856,853 shares. The stock had previously closed at GBX 2.40 ($0.03).

Analyst Upgrades and Downgrades

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

Andrada Mining Trading Down 9.7 %

The stock’s 50 day simple moving average is GBX 2.77 and its 200 day simple moving average is GBX 3.38. 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 cap of £35.77 million, a PE ratio of -216.80 and a beta of 0.74.

About Andrada Mining

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.