Adriatic Metals PLC (LON:ADT1 - Get Free Report) rose 22.6% during trading on Wednesday . The stock traded as high as GBX 237.50 ($3.21) and last traded at GBX 218 ($2.95). Approximately 1,454,718 shares changed hands 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).
Analysts Set New Price Targets
Separately, Berenberg Bank restated a "hold" rating and issued a GBX 180 ($2.44) target price on shares of Adriatic Metals in a research note on Tuesday, February 18th.
Check Out Our Latest Research Report on ADT1
Adriatic Metals Price Performance
The stock has a 50-day moving average of GBX 201.37 and a two-hundred day moving average of GBX 205.41. 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 firm has a market cap of £977.25 million, a price-to-earnings ratio of -18.03 and a beta of 1.12.
About Adriatic Metals
(
Get Free Report)
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.
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