Business
Why the Andromeda (ASX:ADN) share price is in the news today
Andromeda Metals Ltd (ASX: ADN) is in the news today, thanks to the Andromeda share price plummeting 7.4% to 25 cents in early trade today.
However, that bearish momentum did not last, and the share price has since recovered ground. On close of trade today, the Andromeda share price had recovered to 27 cents per share, down 1.82%.
Andromeda shares are now down 12.9% year to date and more than 25% off of the company’s 52-week high of 36 cents a share that we saw back in December. However, they are also up a stunning 440% since early September last year.
So what’s going on with this company?
Andromeda makes an announcement
Andromeda Metals is an industrial minerals producer, whose crown jewel is its Great White halloysite-kaolin…
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