Adriatic Metals (LON:ADT1) Trading Up 22.6% – Still a Buy?

Adriatic Metals PLC (LON:ADT1) shares were up 22.6% during mid-day trading on Tuesday . The company traded as high as GBX 237.50 ($3.17) and last traded at GBX 218 ($2.91). Approximately 1,336,925 shares were traded during mid-day trading, an increase of 633% from the average daily volume of 182,427 shares. The stock had previously closed at GBX 177.80 ($2.37).

Analyst Upgrades and Downgrades

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

Adriatic Metals Stock Performance

The company’s 50-day moving average price is GBX 200.48 and its two-hundred day moving average price is GBX 204.89. The company has a market cap of £891.38 million, a P/E ratio of -16.44 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.

About Adriatic Metals

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.