Adriatic Metals (LON:ADT1) Stock Rating Reaffirmed by Berenberg Bank

Adriatic Metals (LON:ADT1)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued on Thursday, Marketbeat Ratings reports. They currently have a GBX 230 ($3.08) target price on the stock. Berenberg Bank’s target price points to a potential upside of 22.99% from the company’s current price.

Adriatic Metals Stock Down 0.6 %

Shares of LON ADT1 opened at GBX 187 ($2.50) on Thursday. The stock has a fifty day moving average price of GBX 157.39 and a 200 day moving average price of GBX 192.25. The company has a current ratio of 1.01, a quick ratio of 23.92 and a debt-to-equity ratio of 111.51. The company has a market cap of £606.78 million, a P/E ratio of -1,700.00 and a beta of 1.12. Adriatic Metals has a 12-month low of GBX 124.20 ($1.66) and a 12-month high of GBX 253.50 ($3.39).

Insider Buying and Selling at Adriatic Metals

In other news, insider Michael Ian Rawlinson purchased 17,982 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of GBX 138 ($1.85) per share, for a total transaction of £24,815.16 ($33,228.66). 7.68% of the stock is owned by corporate insiders.

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.