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

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

Analyst Upgrades and Downgrades

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

Andrada Mining Trading Up 0.1%

The firm’s 50-day simple moving average is GBX 3.89 and its 200-day simple moving average is GBX 3.81. 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 has a market capitalization of £80.33 million, a PE ratio of -5.99 and a beta of 1.10.

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.