Andrada Mining (LON:ATM) Shares Up 13.2% – Here’s Why

Andrada Mining Limited (LON:ATMGet Free Report)’s share price rose 13.2% on Friday . The stock traded as high as GBX 5.70 and last traded at GBX 5.66. 22,145,641 shares were traded during mid-day trading, an increase of 182% from the average session volume of 7,864,728 shares. The stock had previously closed at GBX 5.

Andrada Mining Trading Up 13.2%

The company has a market cap of £124.46 million, a P/E ratio of -9.28 and a beta of 0.99. The business has a fifty day moving average price of GBX 4.02 and a 200-day moving average price of GBX 3.87. The company has a quick ratio of 0.51, a current ratio of 1.09 and a debt-to-equity ratio of 82.71.

Andrada Mining Company Profile

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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.

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