Adriatic Metals PLC 33.9% potential upside indicated by Canaccord Genuity

Adriatic Metals PLC with ticker (LON:ADT1) now has a potential upside of 33.9% according to Canaccord Genuity.



Canaccord Genuity set a target price of 229 GBX for the company, which when compared to the Adriatic Metals PLC share price of 171 GBX at opening today (03/07/2023) indicates a potential upside of 33.9%. Trading has ranged between 95 (52 week low) and 217 (52 week high) with an average of 181,860 shares exchanging hands daily. The market capitalisation at the time of writing is £479,976,390.

Adriatic Metals PLC is a United Kingdom-based precious and base metals explorer and developer. The Company owns the Vares Project in Bosnia and Herzegovina, and the Raska Project in Serbia. The Company’s flagship Vares Project is located in the municipality of Vares, within the Zenica-Doboj canton, approximately 50 kilometers (km) north of the Bosnian capital of Sarajevo. The Company conducts exploration activities, including definition drilling with diamond core drill rigs operating at each target. The Company holds the Kizevak and Sastavci exploration licenses relating to the Raska Project. Kizevak and Sastavci are two past-producing zinc, lead and silver open pit mines located within the Raska District. The Company, through its wholly owned subsidiary, Eastern Mining d.o.o., owns 100% of the 42 square kilometers (km2) Vares Project concession.