Why is the Andromeda (ASX:ADN) share price on a rollercoaster today?

The Andromeda Metals Limited (ASX: ADN) share price spent much of today in a slump, but a mid-afternoon announcement saw it launching and dropping multiple times.

This afternoon, the company shared news from its subsidiary Natural Nanotech Pty Ltd (NNT).

After the release, the Andromeda share price rose out of the day’s red, gaining 5% on Friday’s closing price, before falling, rising, and falling again.

Shares in the company eventually closed down 1.72%, trading at 28 cents.

Let’s look closer at this afternoon’s news.

Positive results from carbon-capture research

The news from Andromeda this afternoon is of NNT, a jointly owned…