Adriatic Metals (LON:ADT1) Trading Up 1.9% – Here’s Why

Adriatic Metals PLC (LON:ADT1)’s stock price shot up 1.9% on Thursday . The company traded as high as GBX 213 ($2.67) and last traded at GBX 212.50 ($2.66). 42,024 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 159,213 shares. The stock had previously closed at GBX 208.50 ($2.61).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 230 ($2.88) price target on shares of Adriatic Metals in a research note on Thursday, September 26th.

Adriatic Metals Stock Performance

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 £673.30 million, a P/E ratio of -1,886.36 and a beta of 1.12. The business’s 50-day moving average price is GBX 198.82 and its 200-day moving average price is GBX 190.95.

Insider Buying and Selling at Adriatic Metals

In other news, insider Michael Ian Rawlinson acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average cost of GBX 217 ($2.72) per share, for a total transaction of £10,850 ($13,601.60). 7.38% of the stock is currently owned by corporate insiders.

Adriatic Metals Company Profile

Adriatic Metals PLC, through its subsidiaries, engages in the exploration and development of precious and base metals. It primarily explores for silver, zinc, lead, copper, gold, and barite deposits. The company's flagship project is the 100% owned Vare Silver Project covering an area of approximately 44 square kilometers located in Bosnia and Herzegovina.