Andrada Mining (LON:ATM) Hits New 1-Year Low – Should You Sell?

Andrada Mining Limited (LON:ATM)’s share price reached 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 ($0.03).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 10 ($0.13) price objective on shares of Andrada Mining in a research report on Monday, September 9th.

Andrada Mining Price Performance

The business has a 50-day moving average of GBX 3.26 and a 200 day moving average of GBX 3.77. The firm has a market capitalization of £40.43 million, a P/E ratio of -245.00 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.