Adriatic Metals (LON:ADT1) Trading 1.9% Higher – Still a Buy?

Adriatic Metals PLC (LON:ADT1)’s stock price rose 1.9% during trading on Thursday . The stock traded as high as GBX 213 ($2.67) and last traded at GBX 212.50 ($2.66). Approximately 42,024 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 159,213 shares. The stock had previously closed at GBX 208.50 ($2.61).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 230 ($2.88) price target on shares of Adriatic Metals in a report on Thursday, September 26th.

Adriatic Metals Stock Performance

The company has a debt-to-equity ratio of 111.51, a current ratio of 1.01 and a quick ratio of 23.92. The business has a 50 day moving average price of GBX 198.82 and a two-hundred day moving average price of GBX 190.95. The stock has a market cap of £673.30 million, a PE ratio of -1,886.36 and a beta of 1.12.

Insider Buying and Selling at Adriatic Metals

In related news, insider Michael Ian Rawlinson acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was acquired at an average cost of GBX 217 ($2.72) per share, for a total transaction of £10,850 ($13,601.60). 7.38% of the stock is currently 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.