Andrada Mining (LON:ATM) Stock Price Up 9.4% – What’s Next?

Andrada Mining Limited (LON:ATM)’s share price rose 9.4% during mid-day trading on Friday . The stock traded as high as GBX 2.59 ($0.03) and last traded at GBX 2.57 ($0.03). Approximately 3,020,859 shares changed hands during trading, an increase of 6% from the average daily volume of 2,837,902 shares. The stock had previously closed at GBX 2.35 ($0.03).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 10 ($0.13) target price on shares of Andrada Mining in a report on Monday, September 9th.

Andrada Mining Stock Up 10.4 %

The stock has a market cap of £42.82 million, a price-to-earnings ratio of -234.00 and a beta of 0.74. The firm’s 50 day moving average is GBX 3.05 and its two-hundred day moving average is GBX 3.63. 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.