Andrada Mining (LON:ATM) Stock Price Up 10.1% - Here's Why

Key Points

• Andrada Mining's stock price surged by 10.1%, reaching GBX 3.80, with trading volume increasing by 249% over its average daily volume.
• Berenberg Bank reinstated a "buy" rating on Andrada Mining, setting a target price of GBX 11, indicating positive analyst sentiment.
• The company aims to produce critical raw materials such as tin, tantalum, and lithium, contributing to a more sustainable future from its operations in Namibia.

Shares of Andrada Mining Limited (LON:ATM - Get Free Report) rose 10.1% during trading on Tuesday . The company traded as high as GBX 3.80 ($0.05) and last traded at GBX 3.80 ($0.05). Approximately 22,286,486 shares traded hands during trading, an increase of 249% from the average daily volume of 6,387,976 shares. The stock had previously closed at GBX 3.45 ($0.05).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 11 target price on shares of Andrada Mining in a research note on Tuesday, June 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 11.

Andrada Mining Stock Performance

The stock has a 50-day moving average of GBX 2.95 and a 200-day moving average of GBX 2.87. The firm has a market cap of £68.94 million, a price-to-earnings ratio of -657.89 and a beta of 0.74. 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 posted its quarterly earnings results on Friday, August 29th. The company reported GBX (0.63) earnings per share for the quarter. Andrada Mining had a negative return on equity of 28.67% and a negative net margin of 44.64%. As a group, analysts anticipate that Andrada Mining Limited will post 0.2002584 EPS for the current fiscal 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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