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

Andrada Mining Limited (LON:ATM)’s stock price shot up 0.1% during mid-day trading 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).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 11 ($0.14) price target on shares of Andrada Mining in a report on Thursday, November 28th.

Andrada Mining Price Performance

The company has a market capitalization of £36.76 million, a P/E ratio of -222.80 and a beta of 0.74. The business’s 50-day moving average is GBX 2.36 and its two-hundred day moving average is GBX 3.01. The company has a quick ratio of 0.51, a current ratio of 1.92 and a debt-to-equity ratio of 45.74.

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

Andrada Mining Company Profile

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.