Central Asia Metals (LON:CAML) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Central Asia Metals plc (LON:CAML)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 174.67 and traded as low as GBX 131.20. Central Asia Metals shares last traded at GBX 132.40, with a volume of 6,040,945 shares traded.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Canaccord Genuity Group decreased their price objective on shares of Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating on the stock in a report on Friday, April 17th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 190 target price on shares of Central Asia Metals in a report on Thursday, June 18th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 188.75.

Central Asia Metals Price Performance

The company’s 50 day moving average price is GBX 145.25 and its 200-day moving average price is GBX 174.67. The company has a market capitalization of £225.62 million, a PE ratio of -3.11 and a beta of 1.19. The company has a current ratio of 2.92, a quick ratio of 1.97 and a debt-to-equity ratio of 0.76.

Insider Activity

In other Central Asia Metals news, insider Alison Baker bought 7,545 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were acquired at an average price of GBX 133 per share, with a total value of £10,034.85. 8.57% of the stock is owned by insiders.

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.