Adriatic Metals’ (ADT1) Hold Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their hold rating on shares of Adriatic Metals (LON:ADT1) in a research report released on Tuesday, MarketBeat reports. They currently have a GBX 180 ($2.28) price target on the stock.

Adriatic Metals Stock Down 0.7 %

Shares of LON:ADT1 opened at GBX 213 ($2.70) on Tuesday. The firm has a market cap of £870.94 million, a P/E ratio of -16.07 and a beta of 1.12. Adriatic Metals has a 12-month low of GBX 124.20 ($1.57) and a 12-month high of GBX 253.50 ($3.21). The business has a fifty day simple moving average of GBX 205.20 and a 200 day simple moving average of GBX 191.55. The company has a quick ratio of 23.92, a current ratio of 10.29 and a debt-to-equity ratio of 46.97.

Insider Buying and Selling

In other Adriatic Metals news, insider Michael Ian Rawlinson purchased 9,850 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of GBX 202 ($2.56) per share, for a total transaction of £19,897 ($25,211.61). 7.38% of the stock is owned by insiders.

About Adriatic Metals

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) is a precious and base metals developer that is advancing the world-class Vares Silver Project in Bosnia & Herzegovina, as well as the Raska Zinc-Silver Project in Serbia.

The Vares Project 2021 Definitive Feasibility Study boasts robust economics of US$1,062 million post-tax NPV8, 134% post-tax IRR and a capex of US$168 million.