Adriatic Metals PLC (OTCMKTS:ADMLF – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 92,800 shares, a growth of 30.5% from the June 15th total of 71,100 shares. Based on an average trading volume of 16,000 shares, the days-to-cover ratio is currently 5.8 days.
Adriatic Metals Stock Down 5.6 %
Adriatic Metals stock opened at $2.37 on Monday. Adriatic Metals has a twelve month low of $1.12 and a twelve month high of $2.95. The stock’s fifty day simple moving average is $2.18 and its 200-day simple moving average is $2.28.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Berenberg Bank cut their price objective on Adriatic Metals from GBX 280 ($3.60) to GBX 270 ($3.47) in a research report on Friday, July 7th. BMO Capital Markets lowered Adriatic Metals from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 29th.
Adriatic Metals Company Profile
Adriatic Metals PLC, through its subsidiaries, engages in the exploration and development of precious and base metals. It explores for silver, zinc, lead, copper, gold, and barite deposits. The company's flagship project is the Vares Silver Project located in the Bosnia and Herzegovina. It also operates Raska Project located in Serbia.
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