Adriatic Metals (LON:ADT1) Trading Up 1.9% – Here’s What Happened

Shares of Adriatic Metals PLC (LON:ADT1) traded up 1.9% on Thursday . The stock traded as high as GBX 213 ($2.68) and last traded at GBX 212.50 ($2.68). 42,024 shares traded hands during trading, a decline of 74% from the average session volume of 159,213 shares. The stock had previously closed at GBX 208.50 ($2.62).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 230 ($2.90) target price on shares of Adriatic Metals in a research report on Thursday, September 26th.

Adriatic Metals Trading Up 1.9 %

The firm has a market capitalization of £689.52 million, a price-to-earnings ratio of -1,931.82 and a beta of 1.12. 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 business’s 50-day moving average price is GBX 197.81 and its 200 day moving average price is GBX 190.84.

Insider Activity

In other news, insider Michael Ian Rawlinson bought 5,000 shares of Adriatic Metals stock in a transaction on Wednesday, October 30th. The stock was purchased at an average cost of GBX 217 ($2.73) per share, with a total value of £10,850 ($13,659.83). Company 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.