Andrada Mining (LON:ATM) Shares Down 4.5% - What's Next?

Key Points

• Andrada Mining's shares fell by 4.5% during trading on Tuesday, closing at GBX 3.15 ($0.04) with a trading volume significantly increasing to over 9 million shares.
• Berenberg Bank has rated Andrada Mining as a "buy" and set a price target of GBX 11, reflecting optimism for the stock's future performance.
• The company reported a negative earnings per share (EPS) of GBX (0.63) for the last quarter and has faced challenges with a net margin of -44.64% and a high debt-to-equity ratio of 62.31.

Shares of Andrada Mining Limited (LON:ATM - Get Free Report) traded down 4.5% during trading on Tuesday . The company traded as low as GBX 3.10 ($0.04) and last traded at GBX 3.15 ($0.04). 9,161,029 shares traded hands during trading, an increase of 51% from the average session volume of 6,086,079 shares. The stock had previously closed at GBX 3.30 ($0.04).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 11 price target on shares of Andrada Mining in a research note on Tuesday, June 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Andrada Mining presently has an average rating of "Buy" and an average target price of GBX 11.

Andrada Mining Trading Down 4.5%

The company has a current ratio of 1.93, a quick ratio of 0.51 and a debt-to-equity ratio of 62.31. The business has a 50 day moving average of GBX 3.19 and a 200-day moving average of GBX 2.97. The stock has a market cap of £58.92 million, a PE ratio of -500.00 and a beta of 0.74.

Andrada Mining (LON:ATM - Get Free Report) last issued its quarterly earnings data on Friday, August 29th. The company reported GBX (0.63) earnings per share (EPS) for the quarter. Andrada Mining had a negative net margin of 44.64% and a negative return on equity of 28.67%. On average, analysts anticipate that Andrada Mining Limited will post 0.2002584 EPS for the current year.

About Andrada Mining

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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