Andrada Mining (LON:ATM) Receives Buy Rating from Berenberg Bank

Andrada Mining (LON:ATM)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 11 ($0.14) price target on the stock. Berenberg Bank’s target price suggests a potential upside of 297.83% from the stock’s current price.

Andrada Mining Stock Up 17.7 %

ATM stock opened at GBX 2.77 ($0.04) on Thursday. The company has a debt-to-equity ratio of 45.74, a current ratio of 1.92 and a quick ratio of 0.51. The stock has a market capitalization of £45.62 million, a P/E ratio of -276.50 and a beta of 0.74. The business has a 50-day moving average of GBX 3.03 and a 200-day moving average of GBX 3.62. Andrada Mining has a fifty-two week low of GBX 2.10 ($0.03) and a fifty-two week high of GBX 6 ($0.08).

About Andrada Mining

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.