Adriatic Metals (LON:ADT1) Stock Rating Reaffirmed by Berenberg Bank

Adriatic Metals (LON:ADT1)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research note issued on Wednesday, MarketBeat.com reports. They currently have a GBX 230 ($3.01) price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 46.50% from the stock’s previous close.

Adriatic Metals Stock Performance

Shares of LON ADT1 opened at GBX 157 ($2.05) on Wednesday. The stock has a fifty day moving average price of GBX 159.27 and a two-hundred day moving average price of 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 firm has a market cap of £509.43 million, a P/E ratio of -1,962.50 and a beta of 1.14. Adriatic Metals has a 1 year low of GBX 124.20 ($1.62) and a 1 year high of GBX 253.50 ($3.32).

Insider Transactions at Adriatic Metals

In related news, insider Michael Ian Rawlinson acquired 17,982 shares of Adriatic Metals 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). Corporate insiders own 7.68% of the company’s stock.

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.