Andrada Mining (LON:ATM) Shares Down 5.9% – Time to Sell?

Andrada Mining Limited (LON:ATM)’s share price dropped 5.9% during trading on Wednesday . The stock traded as low as GBX 3.86 and last traded at GBX 3.86. 1,920,873 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 7,551,153 shares. The stock had previously closed at GBX 4.10.

Andrada Mining Trading Down 5.9%

The firm has a fifty day simple moving average of GBX 3.87 and a two-hundred day simple moving average of GBX 3.87. The firm has a market capitalization of £84.88 million, a P/E ratio of -6.33 and a beta of 1.10. The company has a debt-to-equity ratio of 82.71, a current ratio of 1.09 and a quick ratio of 0.51.

About Andrada Mining

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.