Andrada Mining (LON:ATM) Hits New 1-Year Low – Here’s What Happened

Shares of Andrada Mining Limited (LON:ATM) reached a new 52-week low on Tuesday . The stock traded as low as GBX 2.10 ($0.03) and last traded at GBX 2.10 ($0.03), with a volume of 3101701 shares traded. The stock had previously closed at GBX 2.12 ($0.03).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 11 ($0.14) price target on shares of Andrada Mining in a research note on Thursday, November 28th.

Andrada Mining Trading Down 0.9 %

The business has a 50 day moving average of GBX 2.60 and a two-hundred day moving average of GBX 3.23. The firm has a market cap of £34.65 million, a P/E ratio of -210.00 and a beta of 0.74. The company has a current ratio of 1.92, a quick ratio of 0.51 and a debt-to-equity ratio of 45.74.

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.