Adriatic Metals (LON:ADT1) Trading 22.6% Higher – Should You Buy?

Adriatic Metals PLC (LON:ADT1Get Free Report) traded up 22.6% on Tuesday . The stock traded as high as GBX 237.50 ($3.17) and last traded at GBX 218 ($2.91). 1,454,718 shares traded hands during trading, an increase of 692% from the average session volume of 183,654 shares. The stock had previously closed at GBX 177.80 ($2.37).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 180 ($2.40) price target on shares of Adriatic Metals in a research note on Tuesday, February 18th.

View Our Latest Report on ADT1

Adriatic Metals Stock Up 22.6%

The company’s 50-day moving average is GBX 200.48 and its two-hundred day moving average is GBX 204.89. The company has a debt-to-equity ratio of 46.97, a current ratio of 10.29 and a quick ratio of 23.92. The company has a market cap of £891.38 million, a P/E ratio of -16.44 and a beta of 1.12.

Adriatic Metals Company Profile

(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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