Andrada Mining (LON:ATM) PT Raised to GBX 10

Andrada Mining (LON:ATM) had its price target hoisted by equities researchers at Berenberg Bank from GBX 9 ($0.11) to GBX 10 ($0.13) in a research report issued to clients and investors on Thursday, LSE.Co.UK reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 153.16% from the stock’s previous close.

Andrada Mining Trading Up 5.6 %

Shares of Andrada Mining stock traded up GBX 0.21 ($0.00) during trading on Thursday, reaching GBX 3.95 ($0.05). 14,360,053 shares of the company were exchanged, compared to its average volume of 3,086,397. The company has a quick ratio of 0.51, a current ratio of 1.37 and a debt-to-equity ratio of 25.11. Andrada Mining has a twelve month low of GBX 3.63 ($0.05) and a twelve month high of GBX 8.20 ($0.10). The business has a 50-day moving average price of GBX 4.81 and a 200-day moving average price of GBX 4.71. The firm has a market capitalization of £62.41 million, a price-to-earnings ratio of -395.00 and a beta of 0.73.

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.