Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Andover Mining Corp. operates as a development-stage company, specializing in the acquisition, exploration, and advancement of mineral resource properties. Its operations are concentrated in Alaska and Utah, USA, with a primary focus on identifying deposits of copper, silver, lead, zinc, gold, and volcanogenic massive sulfides. The company holds a 100% ownership stake in the Sun property, located within Alaska's Ambler Mineral Belt. Additionally, Andover possesses interests in roughly 18,000 acres of both patented and unpatented mining land across the Tintic Mining Districts, situated in Utah County and Juab County, Utah. Incorporated in 2003, the firm was formerly known as Andover Ventures Inc. before changing its name to Andover Mining Corp. in January 2012. Its corporate base is in Vancouver, Canada.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers.