Adriatic Metals (LON:ADT1) Shares Up 1.3% – Here’s What Happened

Adriatic Metals PLC (LON:ADT1)’s stock price rose 1.3% during trading on Friday . The stock traded as high as GBX 196.86 ($2.45) and last traded at GBX 196.80 ($2.44). Approximately 6,000 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 23,152 shares. The stock had previously closed at GBX 194.20 ($2.41).

Analysts Set New Price Targets

Separately, Berenberg Bank reduced their price objective on shares of Adriatic Metals from GBX 230 ($2.86) to GBX 220 ($2.73) and set a “buy” rating for the company in a research report on Thursday, December 12th.

Adriatic Metals Stock Up 1.3 %

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 company has a market capitalization of £638.58 million, a PE ratio of -1,789.09 and a beta of 1.12. The firm’s 50-day simple moving average is GBX 205.86 and its 200 day simple moving average is GBX 186.30.

Insider Buying and Selling

In other Adriatic Metals news, insider Michael Ian Rawlinson purchased 5,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of GBX 217 ($2.70) per share, for a total transaction of £10,850 ($13,478.26). 7.38% of the stock is currently owned by insiders.

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.