Andrada Mining (LON:ATM) Stock Price Down 22.2% – Time to Sell?

Andrada Mining Limited (LON:ATMGet Free Report) dropped 22.2% during trading on Monday . The stock traded as low as GBX 2.80 ($0.04) and last traded at GBX 2.80 ($0.04). Approximately 8,365,406 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 11,724,772 shares. The stock had previously closed at GBX 3.60 ($0.05).

Andrada Mining Stock Performance

The company has a market cap of £44.39 million, a price-to-earnings ratio of -4.64 and a beta of 0.74. The firm’s 50 day simple moving average is GBX 2.56 and its 200-day simple moving average is GBX 2.72. The company has a debt-to-equity ratio of 62.31, a quick ratio of 0.51 and a current ratio of 1.93.

Andrada Mining Company Profile

(Get Free Report)

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.

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