Andrada Mining (LON:ATM) Stock Price Down 1.4%

Shares of Andrada Mining Limited (LON:ATM) dropped 1.4% on Monday . The company traded as low as GBX 3.30 ($0.04) and last traded at GBX 3.40 ($0.05). Approximately 1,746,040 shares traded hands during trading, a decline of 41% from the average daily volume of 2,950,058 shares. The stock had previously closed at GBX 3.45 ($0.05).

Wall Street Analysts Forecast Growth

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

Andrada Mining Trading Down 1.4 %

The stock has a market cap of £56.10 million, a price-to-earnings ratio of -340.00 and a beta of 0.74. The business’s 50 day moving average is GBX 3.42 and its 200 day moving average is GBX 4.14. The company has a debt-to-equity ratio of 45.74, a current ratio of 1.92 and a quick ratio of 0.51.

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.