Adriatic Metals (LON:ADT1) Shares Up 0.7% - Should You Buy?

Key Points

• Adriatic Metals PLC shares increased by 0.7%, trading at GBX 293.50 ($3.99), though the volume was down 10% compared to the average daily trading volume.
• Analysts at Berenberg Bank raised the price target for Adriatic Metals from GBX 268 ($3.64) to GBX 277 ($3.76) and maintained a "hold" rating.
• The company's Vares Silver Project in Bosnia & Herzegovina has a post-tax NPV of US$1,062 million and a projected post-tax IRR of 134% according to its feasibility study.

Adriatic Metals PLC (LON:ADT1 - Get Free Report) was up 0.7% during trading on Wednesday . The company traded as high as GBX 297.50 ($4.04) and last traded at GBX 293.50 ($3.99). Approximately 223,050 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 248,845 shares. The stock had previously closed at GBX 291.50 ($3.96).

Analysts Set New Price Targets

Separately, Berenberg Bank increased their price objective on Adriatic Metals from GBX 268 ($3.64) to GBX 277 ($3.76) and gave the stock a "hold" rating in a research note on Thursday, July 3rd.

Adriatic Metals Stock Performance

The stock has a 50-day moving average of GBX 274.82 and a 200-day moving average of GBX 232.03. The firm has a market cap of £1.20 billion, a price-to-earnings ratio of -22.14 and a beta of 1.12. The company has a debt-to-equity ratio of 46.97, a quick ratio of 23.92 and a current ratio of 10.29.

About Adriatic Metals

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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