Adriatic Metals (LON:ADT1) Shares Up 1.3% - Should You Buy?

Adriatic Metals PLC (LON:ADT1 - Get Free Report)'s share price traded up 1.3% during mid-day trading on Friday . The company 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 target price on shares of Adriatic Metals from GBX 230 ($2.86) to GBX 220 ($2.73) and set a "buy" rating for the company in a research report on Thursday, December 12th.

Adriatic Metals Price Performance

The stock has a 50-day moving average price of GBX 205.86 and a two-hundred day moving average price of GBX 186.30. 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 stock has a market cap of £638.58 million, a price-to-earnings ratio of -1,789.09 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 stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average cost of GBX 217 ($2.70) per share, for a total transaction of £10,850 ($13,478.26). 7.38% of the stock is currently owned by company insiders.

Adriatic Metals Company Profile

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.