Central Asia Metals (LON:CAML) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Central Asia Metals plc (LON:CAML) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 178.49 and traded as low as GBX 157.40. Central Asia Metals shares last traded at GBX 159.60, with a volume of 8,148,554 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CAML shares. Berenberg Bank reissued a “hold” rating and issued a GBX 215 target price on shares of Central Asia Metals in a research note on Wednesday, March 4th. Royal Bank Of Canada lowered Central Asia Metals to a “sector perform” rating and dropped their price target for the company from GBX 220 to GBX 200 in a research report on Thursday, January 22nd. Finally, Canaccord Genuity Group increased their price target on Central Asia Metals from GBX 175 to GBX 205 and gave the company a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Central Asia Metals has an average rating of “Hold” and a consensus price target of GBX 206.25.

Central Asia Metals Stock Performance

The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.97 and a current ratio of 1.88. The firm’s 50-day moving average price is GBX 206.35 and its two-hundred day moving average price is GBX 178.49. The stock has a market cap of £272.21 million, a price-to-earnings ratio of 8.04 and a beta of 1.09.

Central Asia Metals Company Profile

Central Asia Metals (CAML) is a base metals producer quoted on the AIM market of the London Stock Exchange with copper operations in Kazakhstan, and a zinc and lead mine in North Macedonia

CAML is based in London and owns 100% of the Kounrad solvent extraction and electrowinning (SX-EW) copper facility in central Kazakhstan and 100% of the Sasa zinc and lead mine in North Macedonia. It is an established low-cost, diversified base-metals producer, with capacity to generate annual copper production of up to 14,000 tonnes, zinc production of up to 21,000 tonnes and lead production of up to 29,000 tonnes.

CAML was incorporated in the United Kingdom and raised $60 million at IPO in September 2010, which was used to build the Kounrad recovery plant in central Kazakhstan.