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

Adriatic Metals PLC (LON:ADT1 - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as GBX 245 ($3.30) and last traded at GBX 242 ($3.26), with a volume of 110730 shares trading hands. The stock had previously closed at GBX 242 ($3.26).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "hold" rating and set a GBX 180 ($2.42) price target on shares of Adriatic Metals in a research report on Tuesday, February 18th.

Adriatic Metals Stock Up 0.8%

The stock has a 50 day simple moving average of GBX 203.58 and a 200-day simple moving average of GBX 206.62. The firm has a market cap of £997.69 million, a PE ratio of -18.40 and a beta of 1.12. The company has a debt-to-equity ratio of 46.97, a current ratio of 10.29 and a quick ratio of 23.92.

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.