Adriatic Metals (LON:ADT1) Trading Up 2.1% - Time to Buy?

Adriatic Metals PLC (LON:ADT1 - Get Free Report)'s stock price shot up 2.1% on Wednesday . The stock traded as high as GBX 228 ($3.09) and last traded at GBX 222.50 ($3.01). 1,250,487 shares traded hands during mid-day trading, an increase of 542% from the average session volume of 194,655 shares. The stock had previously closed at GBX 218 ($2.95).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 180 ($2.44) price target on shares of Adriatic Metals in a research report on Tuesday, February 18th.

Adriatic Metals Price Performance

The business's 50-day moving average price is GBX 201.37 and its 200 day moving average price is GBX 205.41. 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 stock has a market capitalization of £977.25 million, a PE ratio of -18.03 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.