Adriatic Metals (LON:ADT1) Stock Price Up 1.3% – Here’s Why

Adriatic Metals PLC (LON:ADT1)’s stock price was up 1.3% on Friday . The company traded as high as GBX 196.86 ($2.45) and last traded at GBX 196.80 ($2.44). Approximately 6,000 shares traded hands during 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).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their price target 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 report on Thursday, December 12th.

Adriatic Metals Stock Performance

The company has a quick ratio of 23.92, a current ratio of 1.01 and a debt-to-equity ratio of 111.51. The stock has a 50 day simple moving average of GBX 206.22 and a 200 day simple moving average of GBX 186.36. The company has a market capitalization of £638.58 million, a price-to-earnings ratio of -1,789.09 and a beta of 1.12.

Insider Activity at Adriatic Metals

In other Adriatic Metals news, insider Michael Ian Rawlinson bought 5,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of GBX 217 ($2.70) per share, with a total value of £10,850 ($13,478.26). Insiders own 7.38% of the company’s stock.

Adriatic Metals Company Profile

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.