Adriatic Metals (LON:ADT1) Shares Up 22.6% - Should You Buy?

Adriatic Metals PLC (LON:ADT1 - Get Free Report) shares shot up 22.6% during mid-day trading on Wednesday . The stock traded as high as GBX 237.50 ($3.18) and last traded at GBX 218 ($2.92). 1,454,718 shares traded hands during mid-day trading, an increase of 692% from the average session volume of 183,654 shares. The stock had previously closed at GBX 177.80 ($2.38).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 180 ($2.41) target price on shares of Adriatic Metals in a research report on Tuesday, February 18th.

Adriatic Metals Trading Up 3.9%

The stock has a 50-day simple moving average of GBX 200.52 and a two-hundred day simple moving average of GBX 204.90. 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 £926.14 million, a PE ratio of -17.08 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.

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