Adriatic Metals (LON:ADT1) Trading 3.9% Higher - Should You Buy?

Shares of Adriatic Metals PLC (LON:ADT1 - Get Free Report) rose 3.9% on Wednesday . The stock traded as high as GBX 228 ($3.09) and last traded at GBX 226.50 ($3.06). Approximately 1,172,117 shares were traded during trading, an increase of 505% from the average daily volume of 193,847 shares. The stock had previously closed at GBX 218 ($2.95).

Wall Street Analyst Weigh In

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

Adriatic Metals Stock Up 2.4%

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

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.