Andrada Mining’s (ATM) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Andrada Mining (LON:ATM) in a research note released on Thursday morning, MarketBeat reports. Berenberg Bank currently has a GBX 11 ($0.14) price target on the stock.

Andrada Mining Trading Up 17.0 %

Shares of LON ATM opened at GBX 2.75 ($0.03) on Thursday. The business has a 50 day simple moving average of GBX 3.01 and a 200 day simple moving average of GBX 3.58. Andrada Mining has a 52 week low of GBX 2.10 ($0.03) and a 52 week high of GBX 6 ($0.08). The stock has a market cap of £45.38 million, a price-to-earnings ratio of -275.00 and a beta of 0.74. The company has a debt-to-equity ratio of 45.74, a quick ratio of 0.51 and a current ratio of 1.92.

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.