Adriatic Metals (LON:ADT1) Downgraded by Berenberg Bank

Berenberg Bank downgraded shares of Adriatic Metals (LON:ADT1) to a hold rating in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has GBX 260 ($3.30) price target on the stock, up from their previous price target of GBX 250 ($3.18).

Adriatic Metals Trading Down 3.3 %

ADT1 opened at GBX 238 ($3.02) on Monday. The company has a debt-to-equity ratio of 134.59, a current ratio of 0.78 and a quick ratio of 23.92. Adriatic Metals has a fifty-two week low of GBX 146 ($1.86) and a fifty-two week high of GBX 253.50 ($3.22). The firm has a market capitalization of £728.80 million, a PE ratio of -2,975.00 and a beta of 1.18. The company’s 50-day moving average is GBX 218.21 and its 200 day moving average is GBX 190.31.

About Adriatic Metals

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.