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

Berenberg Bank reiterated their buy rating on shares of Andrada Mining (LON:ATM) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 10 ($0.13) price objective on the stock.

Andrada Mining Price Performance

ATM stock opened at GBX 3.60 ($0.05) on Monday. The company has a quick ratio of 0.51, a current ratio of 1.92 and a debt-to-equity ratio of 45.74. Andrada Mining has a 52-week low of GBX 2.84 ($0.04) and a 52-week high of GBX 7.90 ($0.10). The stock’s 50 day moving average is GBX 3.45 and its two-hundred day moving average is GBX 4.23. The company has a market capitalization of £59.40 million, a PE ratio of -367.00 and a beta of 0.74.

Andrada Mining Company Profile

Andrada Mining Limited, together with its subsidiaries, is involved in the exploration and development of projects in Namibia and South Africa. Its flagship asset is the Uis brownfield tin mine located in the Erongo region, Namibia. The company was formerly known as AfriTin Mining Limited and changed its name to Andrada Mining Limited in January 2023.