Andrada Mining (LON:ATM) Shares Down 5.9% – Here’s Why

Andrada Mining Limited (LON:ATMGet Free Report)’s stock price fell 5.9% during mid-day trading on Wednesday . The company traded as low as GBX 3.86 and last traded at GBX 3.86. 1,920,873 shares were traded during trading, a decline of 75% from the average session volume of 7,551,153 shares. The stock had previously closed at GBX 4.10.

Andrada Mining Price Performance

The stock has a market capitalization of £85.54 million, a price-to-earnings ratio of -6.38 and a beta of 1.10. The company has a debt-to-equity ratio of 82.71, a quick ratio of 0.51 and a current ratio of 1.09. The company has a fifty day simple moving average of GBX 3.86 and a two-hundred day simple moving average of GBX 3.87.

Andrada Mining Company Profile

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Andrada Mining Limited, formerly Afritin Mining Limited, is a London-listed technology metals mining company with a vision to create a portfolio of globally significant, conflict-free, production and exploration assets. The Company’s flagship asset is the Uis Mine in Namibia, formerly the world’s largest hard-rock open cast tin mine and currently being re-developed as a major tin-tantalum-lithium producer. An exploration drilling programme is currently underway with the aim of expanding the tin resource over the fourteen additional, historically mined pegmatites that occur within a 5km radius of the current processing plant.

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