Adriatic Metals (LON:ADT1) Trading 2.4% Higher – Still a Buy?

Adriatic Metals PLC (LON:ADT1) shares were up 2.4% during mid-day trading on Wednesday . The stock traded as high as GBX 213.50 ($2.77) and last traded at GBX 212.50 ($2.76). Approximately 92,769 shares traded hands during trading, a decline of 39% from the average daily volume of 152,864 shares. The stock had previously closed at GBX 207.50 ($2.69).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 180 ($2.33) target price on shares of Adriatic Metals in a report on Tuesday, February 18th.

Adriatic Metals Stock Performance

The stock has a 50-day moving average of GBX 209.12 and a 200 day moving average of GBX 198.22. The stock has a market cap of £868.89 million, a PE ratio of -16.03 and a beta of 1.12. The company has a quick ratio of 23.92, a current ratio of 10.29 and a debt-to-equity ratio of 46.97.

Insider Transactions at Adriatic Metals

In other news, insider Michael Ian Rawlinson purchased 9,850 shares of Adriatic Metals stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of GBX 202 ($2.62) per share, with a total value of £19,897 ($25,803.40). Insiders own 7.38% of the company’s stock.

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.