Adriatic Metals PLC (LON:ADT1) Insider Acquires £19,897 in Stock

Adriatic Metals PLC (LON:ADT1) insider Michael Ian Rawlinson bought 9,850 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of GBX 202 ($2.55) per share, for a total transaction of £19,897 ($25,138.34).

Adriatic Metals Trading Up 1.2 %

LON:ADT1 opened at GBX 215.50 ($2.72) on Friday. The company’s 50 day moving average is GBX 205.39 and its 200-day moving average is GBX 191.72. The company has a quick ratio of 23.92, a current ratio of 10.29 and a debt-to-equity ratio of 46.97. Adriatic Metals PLC has a 12 month low of GBX 124.20 ($1.57) and a 12 month high of GBX 253.50 ($3.20). The firm has a market cap of £881.16 million, a price-to-earnings ratio of -16.25 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “hold” rating and set a GBX 180 ($2.27) price objective on shares of Adriatic Metals in a report on Tuesday.

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.