Andrada Mining (LON:ATM) Sets New 52-Week Low – Should You Sell?

Andrada Mining Limited (LON:ATM)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 2.50 ($0.03) and last traded at GBX 2.54 ($0.03), with a volume of 5745411 shares traded. The stock had previously closed at GBX 2.73 ($0.04).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 10 ($0.13) price target on shares of Andrada Mining in a research note on Monday, September 9th.

Andrada Mining Trading Down 6.8 %

The business has a 50 day simple moving average of GBX 3.29 and a 200-day simple moving average of GBX 3.80. The stock has a market capitalization of £41.91 million, a price-to-earnings ratio of -265.80 and a beta of 0.74. The company has a current ratio of 1.92, a quick ratio of 0.51 and a debt-to-equity ratio of 45.74.

Andrada Mining Company Profile

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.