Andrada Mining (LON:ATM) Trading 7.6% Higher - Here's Why

Shares of Andrada Mining Limited (LON:ATM - Get Free Report) were up 7.6% during mid-day trading on Tuesday . The stock traded as high as GBX 3.17 ($0.04) and last traded at GBX 3.07 ($0.04). Approximately 1,363,034 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 9,794,095 shares. The stock had previously closed at GBX 2.85 ($0.04).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 11 ($0.15) price target on shares of Andrada Mining in a research report on Thursday, April 10th.

Andrada Mining Stock Performance

The company has a quick ratio of 0.51, a current ratio of 1.93 and a debt-to-equity ratio of 62.31. The stock's 50-day moving average price is GBX 2.84 and its 200 day moving average price is GBX 2.61. The company has a market cap of £47.56 million, a P/E ratio of -4.97 and a beta of 0.74.

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.