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Why the Andromeda (ASX:ADN) share price is on the rise



Andromeda Metals Ltd (ASX: ADN) shares are edging higher in early trade after the company heralded news regarding its crown jewel – the Great White deposit. At the time of writing, the Andromeda share price is trading 2.38% higher at 21.5 cents.

Shareholders will be grateful for the positive update, with Andromeda shares down by around 26% over the last month. For comparison, the All Ordinaries Index (ASX: XAO) is up by around 2.6% over the same period.

Let’s take a closer look at today’s news from the mineral exploration company.


Andromeda shares are in the green following news that the company’s aircore drilling program has begun at its Great White deposit.

The drilling program will allow Andromeda to…

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