Adriatic Metals (LON:ADT1) Receives “Buy” Rating from Berenberg Bank

Adriatic Metals (LON:ADT1)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 230 ($3.08) price target on the stock. Berenberg Bank’s price target indicates a potential upside of 22.99% from the company’s previous close.

Adriatic Metals Trading Down 0.6 %

Shares of LON ADT1 opened at GBX 187 ($2.50) on Thursday. The firm has a 50 day moving average price of GBX 157.39 and a two-hundred day moving average price of GBX 192.25. The company has a debt-to-equity ratio of 111.51, a quick ratio of 23.92 and a current ratio of 1.01. Adriatic Metals has a 52-week low of GBX 124.20 ($1.66) and a 52-week high of GBX 253.50 ($3.39). The stock has a market cap of £606.78 million, a P/E ratio of -1,700.00 and a beta of 1.12.

Insider Activity

In other Adriatic Metals news, insider Michael Ian Rawlinson bought 17,982 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of GBX 138 ($1.85) per share, for a total transaction of £24,815.16 ($33,228.66). 7.68% of the stock is currently owned by corporate insiders.

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.