Adriatic Metals (LON:ADT1) Trading 0.7% Higher – What’s Next?

Adriatic Metals PLC (LON:ADT1) shot up 0.7% during mid-day trading on Monday . The company traded as high as GBX 214 ($2.66) and last traded at GBX 213 ($2.65). 110,677 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 114,335 shares. The stock had previously closed at GBX 211.50 ($2.63).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 220 ($2.74) price objective on shares of Adriatic Metals in a research report on Wednesday.

Adriatic Metals Stock Performance

The company has a quick ratio of 23.92, a current ratio of 1.01 and a debt-to-equity ratio of 111.51. The business has a 50 day moving average price of GBX 203.67 and a two-hundred day moving average price of GBX 186.44. The stock has a market cap of £655.45 million, a P/E ratio of -1,836.36 and a beta of 1.12.

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.