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

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

Analyst Upgrades and Downgrades

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

Adriatic Metals Stock Up 3.9%

The business’s 50 day moving average is GBX 200.52 and its 200-day moving average is GBX 204.90. 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 £926.14 million, a PE ratio of -17.08 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.