Adriatic Metals (LON:ADT1) Shares Up 1.9% - Still a Buy?

Adriatic Metals PLC (LON:ADT1 - Get Free Report)'s share price was up 1.9% during mid-day trading on Thursday . The stock traded as high as GBX 213 ($2.68) and last traded at GBX 212.50 ($2.68). 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 ($2.62).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 230 ($2.90) target price on shares of Adriatic Metals in a report on Thursday, September 26th.

Adriatic Metals Stock Down 2.4 %

The stock's 50-day moving average price is GBX 197.81 and its 200-day moving average price is GBX 190.84. 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 company has a market cap of £673.30 million, a P/E ratio of -1,931.82 and a beta of 1.12.

Insider Buying and Selling

In other Adriatic Metals news, insider Michael Ian Rawlinson acquired 5,000 shares of the business's stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average price of GBX 217 ($2.73) per share, with a total value of £10,850 ($13,659.83). 7.38% of the stock is owned by company 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.