Adriatic Metals (LON:ADT1) Sets New 12-Month High at $234.00

Adriatic Metals PLC (LON:ADT1)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 234 ($2.94) and last traded at GBX 233 ($2.93), with a volume of 307375 shares traded. The stock had previously closed at GBX 232 ($2.91).

Analyst Ratings Changes

Separately, Berenberg Bank increased their price objective on shares of Adriatic Metals from GBX 240 ($3.01) to GBX 250 ($3.14) and gave the stock a “buy” rating in a research report on Tuesday, March 26th.

Adriatic Metals Price Performance

The firm’s 50-day moving average price is GBX 194.67 and its 200-day moving average price is GBX 183.05. The company has a market cap of £710.43 million, a price-to-earnings ratio of -1,657.14 and a beta of 1.21. The company has a debt-to-equity ratio of 148.04, a current ratio of 4.77 and a quick ratio of 23.92.

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.