Adriatic Metals' (ADT1) "Hold" Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Adriatic Metals (LON:ADT1 - Free Report) in a report released on Tuesday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 180 ($2.28) target price on the stock.

Adriatic Metals Stock Up 1.2 %

Shares of LON ADT1 traded up GBX 2.50 ($0.03) during mid-day trading on Tuesday, reaching GBX 215.50 ($2.73). 74,046 shares of the company's stock traded hands, compared to its average volume of 143,115. The stock has a market cap of £881.16 million, a P/E ratio of -16.25 and a beta of 1.12. The business has a 50-day simple moving average of GBX 205.20 and a 200 day simple moving average of GBX 191.55. Adriatic Metals has a 1-year low of GBX 124.20 ($1.57) and a 1-year high of GBX 253.50 ($3.21). The company has a debt-to-equity ratio of 46.97, a current ratio of 10.29 and a quick ratio of 23.92.

Insider Buying and Selling

In other news, insider Michael Ian Rawlinson purchased 9,850 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of GBX 202 ($2.56) per share, for a total transaction of £19,897 ($25,211.61). 7.38% of the stock is owned by corporate 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.