Andrada Mining (LON:ATM) Reaches New 52-Week Low – Time to Sell?

Andrada Mining Limited (LON:ATM) hit a new 52-week low on Tuesday . The stock traded as low as GBX 2.10 ($0.03) and last traded at GBX 2.10 ($0.03), with a volume of 3101701 shares changing hands. The stock had previously closed at GBX 2.12 ($0.03).

Wall Street Analysts Forecast Growth

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

Andrada Mining Stock Performance

The company has a 50 day simple moving average of GBX 2.60 and a 200 day simple moving average of GBX 3.23. The company has a quick ratio of 0.51, a current ratio of 1.92 and a debt-to-equity ratio of 45.74. The stock has a market cap of £34.65 million, a price-to-earnings ratio of -210.00 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.