Adriatic Metals (LON:ADT1) Reaches New 1-Year High at $234.00

Adriatic Metals PLC (LON:ADT1)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 234 ($2.94) and last traded at GBX 233 ($2.93), with a volume of 307375 shares trading hands. The stock had previously closed at GBX 232 ($2.91).

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their target price on Adriatic Metals from GBX 240 ($3.01) to GBX 250 ($3.14) and gave the stock a “buy” rating in a research note on Tuesday, March 26th.

Adriatic Metals Trading Up 2.6 %

The firm has a market capitalization of £731.87 million, a price-to-earnings ratio of -1,664.29 and a beta of 1.21. The company has a quick ratio of 23.92, a current ratio of 4.77 and a debt-to-equity ratio of 148.04. The business’s fifty day moving average is GBX 197.33 and its 200 day moving average is GBX 183.74.

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.