Berenberg Bank Reiterates Buy Rating for Andrada Mining (LON:ATM)

Andrada Mining (LON:ATM)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a report released on Thursday, Marketbeat Ratings reports. They currently have a GBX 8 target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 146.38% from the stock’s previous close.

Andrada Mining Stock Down 1.6%

Shares of Andrada Mining stock opened at GBX 3.25 on Thursday. The company has a debt-to-equity ratio of 82.71, a current ratio of 1.09 and a quick ratio of 0.51. The stock has a market cap of £63.45 million, a price-to-earnings ratio of -5.32 and a beta of 0.81. The firm’s 50-day moving average is GBX 3.92 and its two-hundred day moving average is GBX 3.52. Andrada Mining has a 1 year low of GBX 2.30 and a 1 year high of GBX 4.90.

About Andrada Mining

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.