Adriatic Metals (LON:ADT1) Earns Hold Rating from Berenberg Bank

Adriatic Metals (LON:ADT1)‘s stock had its “hold” rating reiterated by equities researchers at Berenberg Bank in a research note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 180 ($2.27) price target on the stock. Berenberg Bank’s price target suggests a potential downside of 11.33% from the company’s current price.

Adriatic Metals Stock Performance

Shares of LON ADT1 traded down GBX 5 ($0.06) during mid-day trading on Tuesday, hitting GBX 203 ($2.56). The stock had a trading volume of 526,275 shares, compared to its average volume of 141,478. The company has a debt-to-equity ratio of 46.97, a quick ratio of 23.92 and a current ratio of 10.29. The company has a 50 day moving average of GBX 204.99 and a two-hundred day moving average of GBX 190.65. Adriatic Metals has a twelve month low of GBX 124.20 ($1.57) and a twelve month high of GBX 253.50 ($3.20). The firm has a market cap of £830.05 million, a PE ratio of -15.31 and a beta of 1.12.

About Adriatic Metals

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.