Adriatic Metals (LON:ADT1) Trading Up 7.8%

Adriatic Metals PLC (LON:ADT1)’s stock price was up 7.8% on Monday . The stock traded as high as GBX 183.39 ($2.42) and last traded at GBX 183.32 ($2.42). Approximately 1,582,407 shares were traded during mid-day trading, an increase of 870% from the average daily volume of 163,128 shares. The stock had previously closed at GBX 170 ($2.25).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 230 ($3.04) price objective on shares of Adriatic Metals in a research note on Wednesday, September 11th.

Adriatic Metals Stock Up 8.8 %

The company has a debt-to-equity ratio of 111.51, a current ratio of 1.01 and a quick ratio of 23.92. The stock has a market capitalization of £600.29 million, a P/E ratio of -1,545.45 and a beta of 1.12. The firm has a 50-day simple moving average of GBX 156.53 and a 200 day simple moving average of GBX 192.07.

Insider Buying and Selling at Adriatic Metals

In related news, insider Michael Ian Rawlinson acquired 17,982 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of GBX 138 ($1.82) per share, for a total transaction of £24,815.16 ($32,780.92). Corporate insiders own 7.68% of the company’s stock.

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.