Adriatic Metals (LON:ADT1) Reaches New 52-Week High – Should You Buy?

Adriatic Metals PLC (LON:ADT1)’s stock price reached a new 52-week high on Thursday . The stock traded as high as GBX 253.50 ($3.43) and last traded at GBX 253 ($3.42), with a volume of 58928 shares changing hands. The stock had previously closed at GBX 246 ($3.33).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 180 ($2.44) price target on shares of Adriatic Metals in a report on Tuesday, February 18th.

Adriatic Metals Trading Up 0.4%

The firm has a fifty day simple moving average of GBX 207.50 and a two-hundred day simple moving average of GBX 208.10. The stock has a market cap of £1.05 billion, a PE ratio of -19.31 and a beta of 1.12. The company has a current ratio of 10.29, a quick ratio of 23.92 and a debt-to-equity ratio of 46.97.

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.