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

Berenberg Bank restated their buy rating on shares of Adriatic Metals (LON:ADT1 - Free Report) in a report issued on Thursday morning, MarketBeat.com reports. They currently have a GBX 230 ($3.08) price objective on the stock.

Adriatic Metals Trading Up 4.1 %

Adriatic Metals stock traded up GBX 7.40 ($0.10) during midday trading on Thursday, hitting GBX 188.20 ($2.52). 212,122 shares of the stock were exchanged, compared to its average volume of 157,072. 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's 50-day simple moving average is GBX 156.81 and its 200 day simple moving average is GBX 192.24. Adriatic Metals has a fifty-two week low of GBX 124.20 ($1.66) and a fifty-two week high of GBX 253.50 ($3.39). The stock has a market capitalization of £610.67 million, a price-to-earnings ratio of -1,705.45 and a beta of 1.12.

Insider Transactions at Adriatic Metals

In other Adriatic Metals news, insider Michael Ian Rawlinson acquired 17,982 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of GBX 138 ($1.85) per share, for a total transaction of £24,815.16 ($33,228.66). 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.