Adriatic Metals’ (ADT1) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Adriatic Metals (LON:ADT1) in a research note issued to investors on Thursday, Marketbeat.com reports. Berenberg Bank currently has a GBX 230 ($3.08) target price on the stock.

Adriatic Metals Stock Down 0.6 %

Adriatic Metals stock opened at GBX 187 ($2.50) on Thursday. Adriatic Metals has a 1-year low of GBX 124.20 ($1.66) and a 1-year high of GBX 253.50 ($3.39). The company has a debt-to-equity ratio of 111.51, a current ratio of 1.01 and a quick ratio of 23.92. The stock has a market cap of £606.78 million, a PE ratio of -1,700.00 and a beta of 1.12. The stock’s fifty day moving average is GBX 157.39 and its two-hundred day moving average is GBX 192.30.

Insider Buying and Selling at Adriatic Metals

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