Andrada Mining (LON:ATM) Trading Up 0.1% – Here’s Why

Andrada Mining Limited (LON:ATM)’s stock price traded up 0.1% during trading on Wednesday . The stock traded as high as GBX 2.25 ($0.03) and last traded at GBX 2.23 ($0.03). 357,678 shares were traded during mid-day trading, a decline of 90% from the average session volume of 3,644,738 shares. The stock had previously closed at GBX 2.23 ($0.03).

Analyst Upgrades and Downgrades

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

Andrada Mining Stock Down 2.2 %

The company has a market capitalization of £35.92 million, a price-to-earnings ratio of -217.70 and a beta of 0.74. The company has a debt-to-equity ratio of 45.74, a current ratio of 1.92 and a quick ratio of 0.51. The firm’s fifty day moving average price is GBX 2.35 and its 200-day moving average price is GBX 2.99.

Andrada Mining (LON:ATM) last posted its quarterly earnings results on Thursday, November 28th. The company reported GBX (0.21) ($0.00) earnings per share for the quarter. Andrada Mining had a negative net margin of 46.96% and a negative return on equity of 26.20%. Sell-side analysts expect that Andrada Mining Limited will post 0.2002584 earnings per share for the current fiscal year.

Andrada Mining Company Profile

Andrada Mining Limited is a mining company with an ambition to become the tech-metal champion of Africa. The Company’s flagship asset, the Uis Mine in Namibia, is a globally significant, conflict-free, tin-producing mine with additional tech-metal development opportunities. Formerly the world’s largest hard-rock open cast tin mine, Uis surpassed Phase 1 nameplate production of 720tpa tin in November 2020.