Adriatic Metals (LON:ADT1) Trading Up 22.6% - Should You Buy?

Adriatic Metals PLC (LON:ADT1 - Get Free Report) was up 22.6% during mid-day trading on Wednesday . The stock traded as high as GBX 237.50 ($3.19) and last traded at GBX 218 ($2.93). Approximately 1,454,718 shares changed hands during trading, an increase of 692% from the average daily volume of 183,654 shares. The stock had previously closed at GBX 177.80 ($2.39).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 180 ($2.42) target price on shares of Adriatic Metals in a research report on Tuesday, February 18th.

Adriatic Metals Price Performance

The company has a market cap of £954.76 million, a PE ratio of -17.61 and a beta of 1.12. The stock has a fifty day moving average price of GBX 200.62 and a 200-day moving average price of GBX 205.06. The company has a debt-to-equity ratio of 46.97, a current ratio of 10.29 and a quick ratio of 23.92.

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.