Berenberg Bank Reaffirms Buy Rating for Adriatic Metals (LON:ADT1)

Adriatic Metals (LON:ADT1)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They currently have a GBX 220 ($2.74) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 8.91% from the stock’s current price.

Adriatic Metals Stock Performance

LON:ADT1 traded down GBX 8.50 ($0.11) during trading hours on Wednesday, hitting GBX 202 ($2.51). 639,770 shares of the company were exchanged, compared to its average volume of 137,475. The company has a debt-to-equity ratio of 111.51, a current ratio of 1.01 and a quick ratio of 23.92. The company’s 50 day moving average price is GBX 203.67 and its 200-day moving average price is GBX 186.44. The stock has a market capitalization of £655.45 million, a price-to-earnings ratio of -1,836.36 and a beta of 1.12. Adriatic Metals has a 52-week low of GBX 124.20 ($1.55) and a 52-week high of GBX 253.50 ($3.15).

Adriatic Metals Company Profile

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) is a precious and base metals developer that is advancing the world-class Vares Silver Project in Bosnia & Herzegovina, as well as the Raska Zinc-Silver Project in Serbia.

The Vares Project 2021 Definitive Feasibility Study boasts robust economics of US$1,062 million post-tax NPV8, 134% post-tax IRR and a capex of US$168 million.