Adriatic Metals (LON:ADT1) Trading 1.3% Higher – What’s Next?

Adriatic Metals PLC (LON:ADT1)’s stock price was up 1.3% on Friday . The stock traded as high as GBX 196.86 ($2.45) and last traded at GBX 196.80 ($2.44). Approximately 6,000 shares traded hands during trading, a decline of 74% from the average daily volume of 23,152 shares. The stock had previously closed at GBX 194.20 ($2.41).

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their price objective on shares of Adriatic Metals from GBX 230 ($2.86) to GBX 220 ($2.73) and set a “buy” rating on the stock in a research note on Thursday, December 12th.

Adriatic Metals Price Performance

The company has a fifty day simple moving average of GBX 206.22 and a 200-day simple moving average of GBX 186.36. The company has a market cap of £638.58 million, a P/E ratio of -1,789.09 and a beta of 1.12. The company has a debt-to-equity ratio of 111.51, a current ratio of 1.01 and a quick ratio of 23.92.

Insider Buying and Selling

In other news, insider Michael Ian Rawlinson bought 5,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of GBX 217 ($2.70) per share, with a total value of £10,850 ($13,478.26). Insiders own 7.38% of the company’s stock.

About Adriatic Metals

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.