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

Adriatic Metals PLC (LON:ADT1 - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as GBX 238.50 ($3.22) and last traded at GBX 237 ($3.20), with a volume of 754412 shares changing hands. The stock had previously closed at GBX 233.50 ($3.16).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 180 ($2.43) target price on shares of Adriatic Metals in a research note on Tuesday, February 18th.

Adriatic Metals Stock Performance

The firm has a fifty day moving average of GBX 202.18 and a 200-day moving average of GBX 205.82. The company has a quick ratio of 23.92, a current ratio of 10.29 and a debt-to-equity ratio of 46.97. The firm has a market cap of £989.51 million, a P/E ratio of -18.25 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.