Why Adriatic Metals Share Price Jumped Higher Today

What happened to the Adriatic Metals share price?

At the time of writing, shares of Adriatic Metals PLC [ASX:ADT] are up by 18.75%, to 38 cents, in today’s trading.

Why did Adriatic Metals’ shares do this?

The market seems to be catching onto the company’s exceptional drill hit on Tuesday. Adriatic hit 64 metres of mineralisation, grading 4.6 grams per tonne of gold, 537 grams per tonne of silver, 0.9% copper, 7.7% lead, and 10.8% zinc.

What now for Adriatic Metals?

There’s no other way to say it: this week’s drill result was simply world-class. Adriatic’s Chief Executive Officer, Geraint Harris, commented at the time:

“The results from BR-2-18 are exciting in a number of respects: firstly we have revealed the continuation of thick mineralisation on a 80m step out hole, which has the potential to add significant tonnes to any future resource; secondly we have assays confirming that this extension has grade continuity in excess of the exceptionally high grade precious and base metals content of BR-1-17, which make these some of the highest grade polymetallic results on the ASX.”

Indeed, we can’t argue with his comment. That said, will it be a one-hit wonder? Many resource companies announce excellent results, but can’t follow them up. If the company can hit similar results in the nearby future the share price could skyrocket…

Regards,

Jason Stevenson,
Resources Analyst, Markets & Money

PS: Interested in mining stocks? My free new investor report, ‘The Top 10 Mining Stocks for 2018’, does exactly what it says in the name. I look at 10 companies that could make you huge money this year, and beyond. To download that report free, go here.


Jason Stevenson is Markets & Money’s resource analyst. He shares over a decade’s worth of investing and trading experience across resource stocks and commodity futures and options. He originally studied accounting and finance at Curtin University, where he was awarded a first-class honours degree. His professional background stems across high-net-worth, top tier accounting (corporate finance, tax and auditing), and sell-side equities research. Before joining the team at Markets and Money, Jason worked at boutique firms which advised fund managers and high-net-worth clients on where to invest. Whether it’s gold, crude oil, copper or an obscure metal like vanadium, you can rely on an in-depth analysis in Markets and Money. Jason also brings you extensive macro, political and geopolitical analysis from around the world. He leaves no stone unturned when it comes to telling the truth. Jason is also the lead analyst of Gold Stock Trader, a premium service for investors serious about precious metal stocks. Websites and financial e-letters Jason writes for:


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