Adriatic Metals (LON:ADT1) Hits New 1-Year High - Here's Why

Key Points

• Adriatic Metals PLC has reached a new 52-week high, trading at GBX 315 ($4.25), with a slight increase from its previous close of GBX 307.50 ($4.15).
• Analyst Berenberg Bank has raised their price target for the stock from GBX 268 to GBX 277, maintaining a "hold" rating.
• The company is known for its Vares Silver Project in Bosnia & Herzegovina, which has a projected post-tax NPV of US$1,062 million and a post-tax IRR of 134%.

Adriatic Metals PLC (LON:ADT1 - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as GBX 315 ($4.25) and last traded at GBX 311.49 ($4.21), with a volume of 4257 shares. The stock had previously closed at GBX 307.50 ($4.15).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price target on shares of Adriatic Metals from GBX 268 to GBX 277 and gave the stock a "hold" rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of GBX 277.

Adriatic Metals Stock Up 1.3%

The business's 50 day simple moving average is GBX 286.30 and its 200 day simple moving average is GBX 239.93. The company has a market capitalization of £1.08 billion, a PE ratio of -23.49 and a beta of 1.12. The company has a quick ratio of 23.92, a current ratio of 10.29 and a debt-to-equity ratio of 46.97.

About Adriatic Metals

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.

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