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Adriatic Metals (LON:ADT1) Shares Down 3.4% - Here's What Happened

Adriatic Metals logo with Basic Materials background

Adriatic Metals PLC (LON:ADT1 - Get Free Report)'s stock price was down 3.4% during mid-day trading on Thursday . The stock traded as low as GBX 199.40 ($2.55) and last traded at GBX 200 ($2.56). Approximately 185,745 shares traded hands during mid-day trading, an increase of 7% from the average daily volume of 173,092 shares. The stock had previously closed at GBX 207 ($2.65).

Analyst Ratings Changes

Separately, Berenberg Bank restated a "hold" rating and issued a GBX 180 ($2.30) target price on shares of Adriatic Metals in a research note on Tuesday, February 18th.

Read Our Latest Stock Analysis on ADT1

Adriatic Metals Trading Up 0.6 %

The stock's fifty day moving average price is GBX 211.06 and its 200 day moving average price is GBX 205.68. The stock has a market cap of £743.36 million, a P/E ratio of -13.71 and a beta of 1.12. The company has a current ratio of 10.29, a quick ratio of 23.92 and a debt-to-equity ratio of 46.97.

Insider Buying and Selling

In related news, insider Michael Ian Rawlinson purchased 9,850 shares of the stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price of GBX 202 ($2.58) per share, with a total value of £19,897 ($25,424.23). 7.38% of the stock is currently owned by insiders.

About Adriatic Metals

(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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