Andrada Mining (LON:ATM) Trading Up 9.4% – Should You Buy?

Andrada Mining Limited (LON:ATM) traded up 9.4% 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 were traded during mid-day trading, an increase of 6% from the average session volume of 2,837,902 shares. The stock had previously closed at GBX 2.35 ($0.03).

Wall Street Analysts Forecast Growth

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 firm’s 50 day moving average price is GBX 3.05 and its two-hundred day moving average price is GBX 3.63. The firm has a market capitalization of £42.82 million, a PE ratio of -234.00 and a beta of 0.74. The company has a quick ratio of 0.51, a current ratio of 1.92 and a debt-to-equity ratio of 45.74.

About Andrada Mining

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.