Adamera Minerals (CVE:ADZ) Hits New 12-Month High – Should You Buy?

Adamera Minerals Corp. (CVE:ADZ) shares reached a new 52-week high on Wednesday . The stock traded as high as C$0.20 and last traded at C$0.20, with a volume of 13115 shares traded. The stock had previously closed at C$0.19.

Adamera Minerals Stock Performance

The firm’s 50 day moving average is C$0.15 and its two-hundred day moving average is C$0.11. The stock has a market cap of C$6.67 million, a price-to-earnings ratio of -4.08 and a beta of 1.15. The company has a quick ratio of 3.54, a current ratio of 0.64 and a debt-to-equity ratio of 4.67.

Adamera Minerals (CVE:ADZ) last issued its earnings results on Thursday, August 15th. The company reported C($0.01) earnings per share for the quarter.

Insider Buying and Selling

In other Adamera Minerals news, Director Mark Robert Kolebaba sold 255,000 shares of the firm’s stock in a transaction on Sunday, September 8th. The shares were sold at an average price of C$0.15, for a total value of C$38,250.00. Insiders own 5.97% of the company’s stock.

About Adamera Minerals

Adamera Minerals Corp., an exploration stage company, acquires and explores for precious metals. The company primarily explores for silver, gold, copper, and zinc deposits. Its principal properties are the Cooke Mountain, Empire Creek, Buckhorn 2.0, Talisman, and Flaghill located in Washington State, the United States.