Adriatic Metals (LON:ADT1) Price Target Lowered to GBX 220 at Berenberg Bank

Adriatic Metals (LON:ADT1) had its target price lowered by Berenberg Bank from GBX 230 ($2.92) to GBX 220 ($2.79) in a research note published on Thursday morning,Digital Look reports. The firm currently has a buy rating on the stock.

Adriatic Metals Price Performance

ADT1 traded down GBX 1 ($0.01) during trading on Thursday, hitting GBX 207 ($2.62). 144,654 shares of the stock traded hands, compared to its average volume of 152,230. The business has a 50 day moving average price of GBX 206.34 and a 200 day moving average price of GBX 187.50. The company has a market cap of £671.67 million, a price-to-earnings ratio of -1,894.36 and a beta of 1.12. Adriatic Metals has a twelve month low of GBX 124.20 ($1.57) and a twelve month high of GBX 253.50 ($3.21). The company has a debt-to-equity ratio of 111.51, a current ratio of 1.01 and a quick ratio of 23.92.

Insiders Place Their Bets

In other Adriatic Metals news, insider Michael Ian Rawlinson purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were bought at an average price of GBX 217 ($2.75) per share, for a total transaction of £10,850 ($13,753.33). Insiders own 7.38% of the company’s stock.

About Adriatic Metals

Adriatic Metals PLC, through its subsidiaries, engages in the exploration and development of precious and base metals. It primarily explores for silver, zinc, lead, copper, gold, and barite deposits. The company's flagship project is the 100% owned Vare Silver Project covering an area of approximately 44 square kilometers located in Bosnia and Herzegovina.