Andrada Mining (LON:ATM) Stock Price Down 3.5% – Time to Sell?

Shares of Andrada Mining Limited (LON:ATM) traded down 3.5% during mid-day trading on Wednesday . The company traded as low as GBX 3.62 and last traded at GBX 3.62. Approximately 7,854,664 shares traded hands during trading, a decline of 2% from the average daily volume of 7,981,017 shares. The stock had previously closed at GBX 3.75.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 8 price target on shares of Andrada Mining in a research note on Thursday, March 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Andrada Mining currently has an average rating of “Buy” and a consensus target price of GBX 8.

Andrada Mining Price Performance

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 stock’s fifty day moving average price is GBX 3.90 and its 200-day moving average price is GBX 3.81. The firm has a market cap of £79.60 million, a PE ratio of -5.93 and a beta of 1.10.

About Andrada Mining

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.