Adriatic Metals Engages in Potential Acquisition Talks with Dundee Precious Metals

Adriatic Metals Plc ( (GB:ADT1) ) has provided an update.

Adriatic Metals Plc has confirmed ongoing discussions with Dundee Precious Metals Inc. regarding a potential offer for the company’s entire issued share capital. While Adriatic has provided Dundee with limited due diligence information, there is no certainty of a firm offer being made. Shareholders are advised to take no action at this time. This announcement initiates an ‘offer period’ under the City Code on Takeovers and Mergers, and further updates will be provided as necessary.

The most recent analyst rating on (GB:ADT1) stock is a Buy with a £250.00 price target. To see the full list of analyst forecasts on Adriatic Metals Plc stock, see the GB:ADT1 Stock Forecast page.

More about Adriatic Metals Plc

Adriatic Metals Plc is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is known for its activities in the exploration of precious and base metals, with a particular emphasis on advancing its projects in Europe.

Average Trading Volume: 176,534

Technical Sentiment Signal: Sell

Current Market Cap: £606.2M

For an in-depth examination of ADT1 stock, go to TipRanks’ Stock Analysis page.