Andrada Mining (LON:ATM) Stock Price Up 0.1% – Should You Buy?

Shares of Andrada Mining Limited (LON:ATM) rose 0.1% on Wednesday . The stock traded as high as GBX 2.25 ($0.03) and last traded at GBX 2.23 ($0.03). Approximately 357,678 shares were traded during trading, a decline of 90% from the average daily volume of 3,644,738 shares. The stock had previously closed at GBX 2.23 ($0.03).

Analyst Ratings Changes

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

Andrada Mining Stock Performance

The company’s fifty day moving average is GBX 2.36 and its 200 day moving average is GBX 3.01. The company has a current ratio of 1.92, a quick ratio of 0.51 and a debt-to-equity ratio of 45.74. The company has a market capitalization of £36.76 million, a P/E ratio of -222.80 and a beta of 0.74.

Andrada Mining (LON:ATM) last released its quarterly earnings data on Thursday, November 28th. The company reported GBX (0.21) ($0.00) earnings per share (EPS) for the quarter. Andrada Mining had a negative net margin of 46.96% and a negative return on equity of 26.20%. As a group, equities analysts anticipate that Andrada Mining Limited will post 0.2002584 earnings per share for the current year.

About Andrada Mining

Andrada Mining Limited is a mining company with an ambition to become the tech-metal champion of Africa. The Company’s flagship asset, the Uis Mine in Namibia, is a globally significant, conflict-free, tin-producing mine with additional tech-metal development opportunities. Formerly the world’s largest hard-rock open cast tin mine, Uis surpassed Phase 1 nameplate production of 720tpa tin in November 2020.