Adriatic Metals (LON:ADT1) Trading Up 22.6% – Here’s What Happened

Adriatic Metals PLC (LON:ADT1)’s share price was up 22.6% during mid-day trading on Tuesday . The company traded as high as GBX 237.50 ($3.18) and last traded at GBX 218 ($2.92). Approximately 1,454,718 shares were traded during trading, an increase of 692% from the average daily volume of 183,654 shares. The stock had previously closed at GBX 177.80 ($2.38).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 180 ($2.41) price objective on shares of Adriatic Metals in a research note on Tuesday, February 18th.

Adriatic Metals Stock Up 22.6%

The company has a quick ratio of 23.92, a current ratio of 10.29 and a debt-to-equity ratio of 46.97. The company has a 50 day simple moving average of GBX 200.48 and a two-hundred day simple moving average of GBX 204.89. The company has a market capitalization of £891.38 million, a P/E ratio of -16.44 and a beta of 1.12.

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.