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Adriatic Metals (LON:ADT1) Hits New 52-Week High - Here's Why

Adriatic Metals logo with Basic Materials background

Key Points

  • Adriatic Metals PLC shares reached a new 52-week high trading at GBX 297 ($3.92), indicating a rise from the previous close of GBX 281 ($3.71).
  • Berenberg Bank increased their price target for the company's shares from GBX 268 ($3.54) to GBX 277 ($3.66), while maintaining a "hold" rating.
  • The company is advancing two significant projects: the Vares Silver Project in Bosnia & Herzegovina and the Raska Zinc-Silver Project in Serbia, with robust expected economics outlined in a recent feasibility study.
  • MarketBeat previews the top five stocks to own by September 1st.

Adriatic Metals PLC (LON:ADT1 - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 297 ($3.94) and last traded at GBX 296 ($3.93), with a volume of 401533 shares trading hands. The stock had previously closed at GBX 281 ($3.73).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their target price on shares of Adriatic Metals from GBX 268 ($3.56) to GBX 277 ($3.68) and gave the company a "hold" rating in a research report on Thursday, July 3rd.

View Our Latest Stock Analysis on ADT1

Adriatic Metals Trading Up 4.1%

The stock has a market capitalization of £1.20 billion, a P/E ratio of -22.06 and a beta of 1.12. The company has a current ratio of 10.29, a quick ratio of 23.92 and a debt-to-equity ratio of 46.97. The stock's fifty day moving average price is GBX 266.87 and its two-hundred day moving average price is GBX 227.64.

About Adriatic Metals

(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.

Further Reading

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