Adriatic Metals (LON:ADT1) Sets New 1-Year High - Here's What Happened

Key Points

• Adriatic Metals PLC's share price reached a new 52-week high of GBX 297 ($3.97) amidst strong trading activity, with a volume of 170,576 shares.
• Berenberg Bank has increased their price target for Adriatic Metals from GBX 268 ($3.58) to GBX 277 ($3.70), maintaining a "hold" rating.
• The company is advancing significant projects in Bosnia & Herzegovina and Serbia, with the Vares Project showcasing a robust post-tax NPV of US$1,062 million.

Shares of Adriatic Metals PLC (LON:ADT1 - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as GBX 297 ($3.99) and last traded at GBX 294.05 ($3.95), with a volume of 170576 shares trading hands. The stock had previously closed at GBX 293 ($3.94).

Analysts Set New Price Targets

Separately, Berenberg Bank raised their price objective on shares of Adriatic Metals from GBX 268 ($3.60) to GBX 277 ($3.72) and gave the company a "hold" rating in a research report on Thursday, July 3rd.

Adriatic Metals Stock Down 1.3%

The company has a market capitalization of £1.20 billion, a PE ratio of -22.10 and a beta of 1.12. The company's 50 day moving average is GBX 272.93 and its two-hundred day moving average is GBX 231.18. The company has a quick ratio of 23.92, a current ratio of 10.29 and a debt-to-equity ratio of 46.97.

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.