Adriatic Metals (LON:ADT1) Stock Price Down 3.4% – Here’s Why

Adriatic Metals PLC (LON:ADT1)’s share price fell 3.4% during trading on Thursday . The stock traded as low as GBX 199.40 ($2.57) and last traded at GBX 200 ($2.58). 185,745 shares changed hands during trading, an increase of 7% from the average session volume of 173,092 shares. The stock had previously closed at GBX 207 ($2.67).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 180 ($2.32) target price on shares of Adriatic Metals in a research report on Tuesday, February 18th.

Adriatic Metals Trading Down 5.6 %

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 £771.98 million, a P/E ratio of -14.24 and a beta of 1.12. The stock’s 50-day moving average is GBX 212.70 and its two-hundred day moving average is GBX 205.09.

Insider Activity at Adriatic Metals

In other Adriatic Metals news, insider Michael Ian Rawlinson bought 9,850 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average cost of GBX 202 ($2.61) per share, for a total transaction of £19,897 ($25,666.92). 7.38% of the stock is owned by company insiders.

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.