Adriatic Metals (LON:ADT1) Shares Up 22.6% - Here's What Happened

Shares of Adriatic Metals PLC (LON:ADT1 - Get Free Report) were up 22.6% on Wednesday . The stock traded as high as GBX 237.50 ($3.22) and last traded at GBX 218 ($2.95). Approximately 1,454,718 shares were traded during mid-day trading, an increase of 692% from the average daily volume of 183,654 shares. The stock had previously closed at GBX 177.80 ($2.41).

Analyst Upgrades and Downgrades

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

Adriatic Metals Stock Up 2.4%

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's 50-day moving average is GBX 201.37 and its two-hundred day moving average is GBX 205.45. The stock has a market cap of £977.25 million, a P/E ratio of -18.03 and a beta of 1.12.

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.