Andrada Mining (LON:ATM) Trading Down 1.5% – Here’s What Happened

Shares of Andrada Mining Limited (LON:ATM) traded down 1.5% on Wednesday . The stock traded as low as GBX 3.20 ($0.04) and last traded at GBX 3.25 ($0.04). 224,118 shares were traded during mid-day trading, a decline of 92% from the average session volume of 2,805,667 shares. The stock had previously closed at GBX 3.30 ($0.04).

Analyst Upgrades and Downgrades

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

Andrada Mining Stock Down 3.2 %

The company has a fifty day moving average of GBX 3.44 and a two-hundred day moving average of GBX 4.01. The company has a market cap of £51.89 million, a PE ratio of -314.50 and a beta of 0.74. The company has a debt-to-equity ratio of 45.74, a quick ratio of 0.51 and a current ratio of 1.92.

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.