Adriatic Metals (LON:ADT1) Trading 4% Higher – Here’s What Happened

Shares of Adriatic Metals PLC (LON:ADT1) shot up 4% during mid-day trading on Wednesday . The company traded as high as GBX 228 ($3.05) and last traded at GBX 226.75 ($3.04). 1,056,285 shares were traded during mid-day trading, an increase of 448% from the average session volume of 192,652 shares. The stock had previously closed at GBX 218 ($2.92).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 180 ($2.41) target price on shares of Adriatic Metals in a research note on Tuesday, February 18th.

Adriatic Metals Price Performance

The stock has a market cap of £926.14 million, a PE ratio of -17.08 and a beta of 1.12. The business has a fifty day simple moving average of GBX 200.52 and a two-hundred day simple moving average of GBX 204.90. The company has a current ratio of 10.29, a quick ratio of 23.92 and a debt-to-equity ratio of 46.97.

Adriatic Metals Company Profile

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.