Andrada Mining (LON:ATM) Trading Down 6% – Time to Sell?

Andrada Mining Limited (LON:ATM)’s stock price dropped 6% during trading on Tuesday . The company traded as low as GBX 3.70 and last traded at GBX 3.90. Approximately 20,247,389 shares traded hands during mid-day trading, an increase of 125% from the average daily volume of 9,007,997 shares. The stock had previously closed at GBX 4.15.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 8 price objective 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 data from MarketBeat.com, Andrada Mining has an average rating of “Buy” and a consensus target price of GBX 8.

Andrada Mining Price Performance

The company has a quick ratio of 0.51, a current ratio of 1.09 and a debt-to-equity ratio of 82.71. The firm’s fifty day moving average price is GBX 3.76 and its 200-day moving average price is GBX 3.73. The stock has a market cap of £85.76 million, a P/E ratio of -6.39 and a beta of 1.14.

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.