Adriatic Metals (LON:ADT1) Hits New 52-Week High - Time to Buy?

Adriatic Metals PLC (LON:ADT1 - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 290 ($3.90) and last traded at GBX 289.93 ($3.90), with a volume of 347976 shares changing hands. The stock had previously closed at GBX 288 ($3.87).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their target price on 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 Performance

The company has a 50-day moving average of GBX 260.25 and a 200-day moving average of GBX 224.41. 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 company has a market cap of £1.17 billion, a PE ratio of -21.57 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.