Berenberg Bank Reaffirms "Buy" Rating for Adriatic Metals (LON:ADT1)

Adriatic Metals (LON:ADT1 - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Berenberg Bank in a research note issued on Wednesday, MarketBeat Ratings reports. They presently have a GBX 230 ($3.01) target price on the stock. Berenberg Bank's price objective would suggest a potential upside of 46.50% from the company's previous close.

Adriatic Metals Price Performance

Shares of ADT1 traded up GBX 12 ($0.16) during trading hours on Wednesday, hitting GBX 157 ($2.05). 181,279 shares of the stock were exchanged, compared to its average volume of 153,655. The stock's 50-day moving average price is GBX 160.14 and its two-hundred day moving average price is GBX 191.78. Adriatic Metals has a 12-month low of GBX 124.20 ($1.62) and a 12-month high of GBX 253.50 ($3.32). The company has a debt-to-equity ratio of 111.51, a quick ratio of 23.92 and a current ratio of 1.01. The company has a market cap of £509.43 million, a price-to-earnings ratio of -1,900.00 and a beta of 1.14.

Insider Activity

In related news, insider Michael Ian Rawlinson purchased 17,982 shares of Adriatic Metals stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of GBX 138 ($1.80) per share, for a total transaction of £24,815.16 ($32,450.84). Company insiders own 7.68% of the company's stock.

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.