Andrada Mining (LON:ATM) Trading 0.3% Higher – Here’s Why

Andrada Mining Limited (LON:ATM)’s stock price traded up 0.3% during mid-day trading on Friday . The company traded as high as GBX 3.14 ($0.04) and last traded at GBX 3.06 ($0.04). 1,994,093 shares traded hands during trading, a decline of 68% from the average session volume of 6,277,356 shares. The stock had previously closed at GBX 3.05 ($0.04).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 11 price target on shares of Andrada Mining in a research note on Tuesday, June 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 11.

Andrada Mining Stock Up 0.3%

The firm has a 50 day simple moving average of GBX 2.92 and a two-hundred day simple moving average of GBX 2.83. 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 has a market capitalization of £48.51 million, a PE ratio of -5.07 and a beta of 0.74.

About Andrada Mining

Andrada Mining Limited is listed on the London Stock Exchange (AIM), New York (OTCQB) and Namibia Stock Exchange, and has mining assets in Namibia, a top-tier investment jurisdiction in Africa. Andrada strives to produce critical raw materials including tin, tantalum and lithium from a large resource portfolio, to contribute to a more sustainable future, improved living conditions and the upliftment of communities adjacent to its operations.