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

Adriatic Metals logo with Basic Materials background

Adriatic Metals PLC (LON:ADT1 - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 290 ($3.92) and last traded at GBX 289.93 ($3.92), with a volume of 347976 shares traded. The stock had previously closed at GBX 288 ($3.89).

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their price objective on shares of Adriatic Metals from GBX 268 ($3.62) to GBX 277 ($3.74) and gave the stock a "hold" rating in a research report on Thursday, July 3rd.

View Our Latest Research Report on ADT1

Adriatic Metals Price Performance

The firm has a 50-day moving average price of GBX 258.08 and a two-hundred day moving average price of GBX 223.77. 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 £1.17 billion, a price-to-earnings ratio of -21.57 and a beta of 1.12.

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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