Adriatic Metals (LON:ADT1) Trading Up 2.4% – Time to Buy?

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

Wall Street Analyst Weigh In

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

Adriatic Metals Stock Performance

The stock has a market capitalization 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. The stock has a fifty day moving average of GBX 209.12 and a 200-day moving average of GBX 198.22.

Insider Buying and Selling at Adriatic Metals

In other news, insider Michael Ian Rawlinson bought 9,850 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of GBX 202 ($2.62) per share, for a total transaction of £19,897 ($25,803.40). 7.38% of the stock is owned by corporate 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.