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Adriatic Metals (LON:ADT1) Hits New 12-Month High - Should You Buy?

Adriatic Metals logo with Basic Materials background

Key Points

  • Adriatic Metals PLC has reached a new 12-month high, trading at GBX 299 ($4.06), reflecting a positive momentum in its stock performance.
  • Berenberg Bank upgraded the company's target price from GBX 268 ($3.64) to GBX 277 ($3.76), maintaining a "hold" rating.
  • The company is advancing significant projects, including the Vares Silver Project in Bosnia & Herzegovina, which boasts a post-tax NPV8 of US$1,062 million.
  • Want stock alerts on Adriatic Metals? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Adriatic Metals PLC (LON:ADT1 - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as GBX 299 ($4.06) and last traded at GBX 298 ($4.05), with a volume of 103819 shares traded. The stock had previously closed at GBX 293.50 ($3.99).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their target price on Adriatic Metals from GBX 268 ($3.64) to GBX 277 ($3.76) and gave the stock a "hold" rating in a research report on Thursday, July 3rd.

Read Our Latest Stock Analysis on ADT1

Adriatic Metals Trading Up 1.2%

The company has a debt-to-equity ratio of 46.97, a quick ratio of 23.92 and a current ratio of 10.29. The firm has a market cap of £1.21 billion, a P/E ratio of -22.40 and a beta of 1.12. The firm has a fifty day moving average of GBX 274.82 and a 200-day moving average of GBX 232.03.

Adriatic Metals Company Profile

(Get Free Report)

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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