Andrada Mining (LON:ATM) Trading Up 10.4% – Here’s Why

Shares of Andrada Mining Limited (LON:ATM) rose 10.4% during trading on Friday . The company traded as high as GBX 4.30 and last traded at GBX 4.20. Approximately 25,541,172 shares were traded during trading, an increase of 93% from the average daily volume of 13,260,791 shares. The stock had previously closed at GBX 3.80.

Andrada Mining Stock Performance

The firm’s 50 day moving average price is GBX 3.89 and its two-hundred day moving average price is GBX 3.46. The firm has a market cap of £80.08 million, a PE ratio of -6.80 and a beta of 0.74. The company has a debt-to-equity ratio of 62.31, a quick ratio of 0.51 and a current ratio of 1.93.

Andrada Mining (LON:ATM) last released its quarterly earnings data on Thursday, November 27th. The company reported GBX (0.19) EPS for the quarter. Andrada Mining had a negative net margin of 44.64% and a negative return on equity of 28.67%. On average, research analysts forecast that Andrada Mining Limited will post 0.2002584 earnings per share for the current year.

Andrada Mining Company Profile

Andrada Mining Limited, formerly Afritin Mining Limited, is a London-listed technology metals mining company with a vision to create a portfolio of globally significant, conflict-free, production and exploration assets. The Company’s flagship asset is the Uis Mine in Namibia, formerly the world’s largest hard-rock open cast tin mine and currently being re-developed as a major tin-tantalum-lithium producer. An exploration drilling programme is currently underway with the aim of expanding the tin resource over the fourteen additional, historically mined pegmatites that occur within a 5km radius of the current processing plant.