Andrada Mining (LON:ATM) Receives Buy Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Andrada Mining (LON:ATM) in a report issued on Thursday, MarketBeat reports. Berenberg Bank currently has a GBX 8 target price on the stock.

Andrada Mining Stock Down 1.9%

Shares of ATM stock opened at GBX 3.12 on Thursday. Andrada Mining has a 1 year low of GBX 2.30 and a 1 year high of GBX 4.90. The company has a debt-to-equity ratio of 82.71, a quick ratio of 0.51 and a current ratio of 1.09. The business’s fifty day moving average is GBX 3.89 and its 200-day moving average is GBX 3.52. The stock has a market cap of £60.93 million, a PE ratio of -5.11 and a beta of 0.81.

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.