Insider Selling: Central Asia Metals Ltd (CAML) Insider Sells 10,605,876 Shares of Stock

Central Asia Metals Ltd (LON:CAML) insider Kenges Rakishev sold 10,605,876 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of GBX 275 ($3.86), for a total value of £29,166,159 ($40,894,782.67).

Central Asia Metals Ltd (CAML) opened at GBX 288.50 ($4.05) on Monday. Central Asia Metals Ltd has a one year low of GBX 2.59 ($0.04) and a one year high of GBX 333 ($4.67).

A number of research analysts have recently commented on CAML shares. Peel Hunt restated a “buy” rating and issued a GBX 295 ($4.14) target price on shares of Central Asia Metals in a research note on Wednesday, November 1st. Canaccord Genuity raised their target price on Central Asia Metals from GBX 275 ($3.86) to GBX 320 ($4.49) and gave the company a “buy” rating in a research note on Friday, February 2nd.

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About Central Asia Metals

Central Asia Metals plc is a mining and exploration company. The Company’s principal business activity is the production of copper cathode at its Kounrad operations in Kazakhstan. It also owns various exploration projects in Mongolia and holds interest in the copper tailings project in Chile. The Company operates through two segments, which consists of an SX-EW copper plant at Kounrad in Kazakhstan and the Copper Bay project in Chile.

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