Adriatic Metals (LON:ADT1) Trading Up 22.6% - What's Next?

Shares of Adriatic Metals PLC (LON:ADT1 - Get Free Report) were up 22.6% on Wednesday . The company traded as high as GBX 237.50 ($3.18) and last traded at GBX 218 ($2.92). Approximately 1,454,718 shares were traded during trading, an increase of 692% from the average daily volume of 183,654 shares. The stock had previously closed at GBX 177.80 ($2.38).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 180 ($2.41) target price on shares of Adriatic Metals in a report on Tuesday, February 18th.

Adriatic Metals Price Performance

The business has a fifty day simple moving average of GBX 200.52 and a two-hundred day simple moving average of GBX 204.90. The company has a current ratio of 10.29, a quick ratio of 23.92 and a debt-to-equity ratio of 46.97. The stock has a market cap of £926.14 million, a PE ratio of -17.08 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.