Adriatic Metals (LON:ADT1) Trading Up 0.7% – Still a Buy?

Adriatic Metals PLC (LON:ADT1) shares shot up 0.7% during mid-day trading on Monday . The stock traded as high as GBX 214 ($2.66) and last traded at GBX 213 ($2.65). 110,677 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 114,335 shares. The stock had previously closed at GBX 211.50 ($2.63).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 220 ($2.74) target price on shares of Adriatic Metals in a report on Wednesday.

Adriatic Metals Stock Down 4.0 %

The company has a debt-to-equity ratio of 111.51, a quick ratio of 23.92 and a current ratio of 1.01. The stock has a market cap of £655.45 million, a PE ratio of -1,836.36 and a beta of 1.12. The company’s 50-day moving average price is GBX 203.67 and its 200 day moving average price is GBX 186.44.

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.