Andrada Mining (LON:ATM) Reaches New 52-Week Low – Should You Sell?

Andrada Mining Limited (LON:ATM) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 2.65 ($0.03) and last traded at GBX 2.67 ($0.03), with a volume of 1127804 shares traded. The stock had previously closed at GBX 2.85 ($0.04).

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 10 ($0.13) target price on shares of Andrada Mining in a research report on Monday, September 9th.

Andrada Mining Stock Down 7.0 %

The firm has a 50 day moving average price of GBX 3.35 and a 200-day moving average price of GBX 3.88. The company has a debt-to-equity ratio of 45.74, a current ratio of 1.92 and a quick ratio of 0.51. The firm has a market cap of £43.73 million, a price-to-earnings ratio of -265.00 and a beta of 0.74.

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.