Berenberg Bank Has Lowered Expectations for Adriatic Metals (LON:ADT1) Stock Price

Adriatic Metals (LON:ADT1) had its price objective reduced by Berenberg Bank from GBX 230 ($2.90) to GBX 220 ($2.78) in a research note issued to investors on Thursday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

Adriatic Metals Trading Down 1.0 %

Shares of Adriatic Metals stock opened at GBX 206 ($2.60) on Thursday. The company’s fifty day moving average is GBX 206.83 and its two-hundred day moving average is GBX 187.34. Adriatic Metals has a 1 year low of GBX 124.20 ($1.57) and a 1 year high of GBX 253.50 ($3.20). The company has a debt-to-equity ratio of 111.51, a quick ratio of 23.92 and a current ratio of 1.01. The company has a market capitalization of £668.43 million, a P/E ratio of -1,872.73 and a beta of 1.12.

Insider Activity at Adriatic Metals

In other news, insider Michael Ian Rawlinson bought 5,000 shares of Adriatic Metals stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price of GBX 217 ($2.74) per share, for a total transaction of £10,850 ($13,694.31). 7.38% of the stock is currently owned by insiders.

Adriatic Metals Company Profile

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.