Andrada Mining (LON:ATM) Trading Up 19.1% – Time to Buy?

Andrada Mining Limited (LON:ATM)’s stock price traded up 19.1% on Friday . The stock traded as high as GBX 4.30 ($0.06) and last traded at GBX 4.20 ($0.05). 7,914,312 shares traded hands during trading, a decline of 39% from the average session volume of 12,916,672 shares. The stock had previously closed at GBX 3.53 ($0.05).

Wall Street Analysts Forecast Growth

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

Andrada Mining Price Performance

The stock has a market cap of £63.41 million, a PE ratio of -6.63 and a beta of 0.74. The company has a current ratio of 1.93, a quick ratio of 0.51 and a debt-to-equity ratio of 62.31. The company’s 50 day moving average is GBX 2.32 and its 200-day moving average is GBX 2.72.

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.