Adriatic Metals (LON:ADT1) Shares Up 3.9% - Here's Why

Adriatic Metals PLC (LON:ADT1 - Get Free Report)'s stock price rose 3.9% during trading on Wednesday . The company traded as high as GBX 228 ($3.05) and last traded at GBX 226.50 ($3.03). Approximately 1,156,245 shares traded hands during mid-day trading, an increase of 497% from the average daily volume of 193,683 shares. The stock had previously closed at GBX 218 ($2.92).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated 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 Price Performance

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 £924.09 million, a PE ratio of -17.05 and a beta of 1.12. The stock has a 50-day simple moving average of GBX 200.52 and a 200 day simple moving average of GBX 204.90.

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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