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

Shares of Central Asia Metals plc (LON:CAML) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 177.41 and traded as low as GBX 135. Central Asia Metals shares last traded at GBX 140, with a volume of 903,521 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CAML shares. Berenberg Bank restated a “hold” rating and set a GBX 190 target price on shares of Central Asia Metals in a research note on Wednesday, June 3rd. Canaccord Genuity Group cut their target price on shares of Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating for the company in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 188.75.

Central Asia Metals Trading Up 2.8%

The business’s 50 day moving average price is GBX 151.14 and its 200-day moving average price is GBX 177.41. The company has a current ratio of 2.92, a quick ratio of 1.97 and a debt-to-equity ratio of 0.76. The company has a market cap of £238.57 million, a price-to-earnings ratio of -3.29 and a beta of 1.18.

Insider Activity

In related news, insider Alison Baker bought 7,545 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was bought at an average price of GBX 133 per share, for a total transaction of £10,034.85. Corporate insiders own 8.57% of the company’s stock.

About Central Asia Metals

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.