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

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

Analyst Ratings Changes

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

Adriatic Metals Price Performance

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

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.