Andrada Mining (LON:ATM) Shares Down 3.2% - Here's What Happened

Key Points

• Andrada Mining's shares fell by 3.2%, trading at GBX 3.10 after reaching a low of GBX 3, with a total of approximately 5.3 million shares exchanged.
• Despite the drop in share price, Berenberg Bank has reiterated a "buy" rating with a target price of GBX 11, maintaining a consensus rating of "Buy" across analysts.
• The company reported a quarterly EPS of GBX (0.63), with a negative return on equity of 28.67% and a net margin of 44.64%, indicating ongoing financial challenges.

Shares of Andrada Mining Limited (LON:ATM - Get Free Report) dropped 3.2% on Tuesday . The stock traded as low as GBX 3 ($0.04) and last traded at GBX 3.10 ($0.04). Approximately 5,321,096 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 6,203,632 shares. The stock had previously closed at GBX 3.20 ($0.04).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 11 target price on shares of Andrada Mining in a report on Tuesday, June 17th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Andrada Mining presently has a consensus rating of "Buy" and a consensus target price of GBX 11.

Andrada Mining Stock Down 3.2%

The firm has a market capitalization of £57.94 million, a price-to-earnings ratio of -491.75 and a beta of 0.74. The business has a 50 day simple moving average of GBX 3.12 and a 200-day simple moving average of GBX 3. 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 (LON:ATM - Get Free Report) last announced its quarterly earnings data on Friday, August 29th. The company reported GBX (0.63) EPS for the quarter. Andrada Mining had a negative return on equity of 28.67% and a negative net margin of 44.64%. On average, equities analysts expect that Andrada Mining Limited will post 0.2002584 EPS for the current year.

Andrada Mining Company Profile

Andrada Mining Limited is listed on the London Stock Exchange (AIM), New York (OTCQB) and Namibia Stock Exchange, and has mining assets in Namibia, a top-tier investment jurisdiction in Africa. Andrada strives to produce critical raw materials including tin, tantalum and lithium from a large resource portfolio, to contribute to a more sustainable future, improved living conditions and the upliftment of communities adjacent to its operations.

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