Adriatic Metals (LON:ADT1) Stock Price Up 0.2% – Here’s What Happened

Adriatic Metals PLC (LON:ADT1)’s share price traded up 0.2% on Monday . The stock traded as high as GBX 179.40 ($2.40) and last traded at GBX 177.80 ($2.37). 194,470 shares traded hands during trading, an increase of 14% from the average session volume of 170,274 shares. The stock had previously closed at GBX 177.40 ($2.37).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 180 ($2.40) target price on shares of Adriatic Metals in a research note on Tuesday, February 18th.

Adriatic Metals Stock Performance

The firm has a market cap of £727.01 million, a P/E ratio of -13.41 and a beta of 1.12. The company has a debt-to-equity ratio of 46.97, a quick ratio of 23.92 and a current ratio of 10.29. The stock’s 50-day moving average is GBX 200.48 and its 200 day moving average is GBX 204.89.

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.