Adriatic Metals (LON:ADT1) Trading Down 3.4% – Time to Sell?

Adriatic Metals PLC (LON:ADT1)’s share price was down 3.4% on Thursday . The stock traded as low as GBX 199.40 ($2.57) and last traded at GBX 200 ($2.58). Approximately 185,745 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 173,092 shares. The stock had previously closed at GBX 207 ($2.67).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 180 ($2.32) price objective on shares of Adriatic Metals in a research note on Tuesday, February 18th.

Adriatic Metals Stock Performance

The company has a current ratio of 10.29, a quick ratio of 23.92 and a debt-to-equity ratio of 46.97. The company has a market cap of £771.98 million, a PE ratio of -14.24 and a beta of 1.12. The business has a fifty day moving average of GBX 212.70 and a 200-day moving average of GBX 205.09.

Insider Buying and Selling at Adriatic Metals

In other news, insider Michael Ian Rawlinson acquired 9,850 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of GBX 202 ($2.61) per share, with a total value of £19,897 ($25,666.92). Insiders own 7.38% of the company’s stock.

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.