Adriatic Metals (LON:ADT1) Shares Up 8.3%

Adriatic Metals PLC (LON:ADT1) shares traded up 8.3% during mid-day trading on Friday . The stock traded as high as GBX 157 ($2.05) and last traded at GBX 157 ($2.05). 181,278 shares traded hands during trading, an increase of 18% from the average session volume of 153,655 shares. The stock had previously closed at GBX 145 ($1.90).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 230 ($3.01) target price on shares of Adriatic Metals in a report on Wednesday.

Adriatic Metals Stock Performance

The business’s fifty day moving average price is GBX 159.27 and its two-hundred day moving average price is GBX 191.54. 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 stock has a market capitalization of £535.39 million, a P/E ratio of -1,962.50 and a beta of 1.14.

Insiders Place Their Bets

In related news, insider Michael Ian Rawlinson acquired 17,982 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of GBX 138 ($1.80) per share, with a total value of £24,815.16 ($32,450.84). 7.68% of the stock is currently owned by insiders.

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.