Adriatic Metals (LON:ADT1) Trading Up 3.6% – Should You Buy?

Adriatic Metals PLC (LON:ADT1) shares traded up 3.6% during trading on Wednesday . The company traded as high as GBX 228 ($3.05) and last traded at GBX 225.90 ($3.03). 1,187,655 shares traded hands during trading, an increase of 512% from the average session volume of 194,007 shares. The stock had previously closed at GBX 218 ($2.92).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 180 ($2.41) price target on shares of Adriatic Metals in a research note on Tuesday, February 18th.

Adriatic Metals Price Performance

The company has a debt-to-equity ratio of 46.97, a quick ratio of 23.92 and a current ratio of 10.29. The stock has a 50 day moving average of GBX 200.52 and a two-hundred day moving average of GBX 204.90. The firm has a market capitalization of £926.14 million, a P/E ratio of -17.08 and a beta of 1.12.

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.