Adriatic Metals (LON:ADT1) Trading 4% Higher - What's Next?

Shares of Adriatic Metals PLC (LON:ADT1 - Get Free Report) rose 4% during mid-day trading on Wednesday . The company traded as high as GBX 228 ($3.09) and last traded at GBX 226.75 ($3.07). Approximately 1,056,285 shares traded hands during trading, an increase of 448% from the average daily volume of 192,652 shares. The stock had previously closed at GBX 218 ($2.95).

Analyst Upgrades and Downgrades

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

Adriatic Metals Stock Performance

The firm has a market cap of £977.25 million, a price-to-earnings ratio of -18.03 and a beta of 1.12. The stock has a 50-day moving average of GBX 201.37 and a 200-day moving average of GBX 205.41. The company has a debt-to-equity ratio of 46.97, a quick ratio of 23.92 and a current ratio of 10.29.

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.