Adriatic Metals (LON:ADT1) Stock Price Up 1.3% – Should You Buy?

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their price target on 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 Trading Up 1.3 %

The company has a quick ratio of 23.92, a current ratio of 1.01 and a debt-to-equity ratio of 111.51. The business’s fifty day moving average is GBX 205.86 and its 200-day moving average is GBX 186.30. The stock has a market capitalization of £638.58 million, a PE ratio of -1,789.09 and a beta of 1.12.

Insider Buying and Selling at Adriatic Metals

In other Adriatic Metals news, insider Michael Ian Rawlinson bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average price of GBX 217 ($2.70) per share, with a total value of £10,850 ($13,478.26). 7.38% of the stock is owned by company insiders.

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.