Adriatic Metals’ (ADT1) Hold Rating Reiterated at Berenberg Bank

Adriatic Metals (LON:ADT1)‘s stock had its “hold” rating reaffirmed by equities research analysts at Berenberg Bank in a report released on Tuesday, MarketBeat reports. They presently have a GBX 180 ($2.27) price objective on the stock. Berenberg Bank’s price objective points to a potential downside of 16.08% from the stock’s previous close.

Adriatic Metals Stock Performance

Shares of Adriatic Metals stock opened at GBX 214.50 ($2.70) on Tuesday. The company has a market cap of £877.07 million, a PE ratio of -16.18 and a beta of 1.12. Adriatic Metals has a 52 week low of GBX 124.20 ($1.56) and a 52 week high of GBX 253.50 ($3.19). The business has a 50 day moving average price of GBX 205.10 and a 200-day moving average price of GBX 191.40. 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 Activity at Adriatic Metals

In other Adriatic Metals news, insider Michael Ian Rawlinson purchased 9,850 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average cost of GBX 202 ($2.54) per share, with a total value of £19,897 ($25,037.12). 7.38% of the stock is currently owned by company insiders.

About Adriatic Metals

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.