Central Asia Metals (LON:CAML) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Central Asia Metals plc (LON:CAML)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 168.98 and traded as low as GBX 141.20. Central Asia Metals shares last traded at GBX 147.60, with a volume of 759,953 shares.

Analysts Set New Price Targets

Several analysts have recently issued reports on CAML shares. Berenberg Bank reiterated a “buy” rating and set a GBX 190 price target on shares of Central Asia Metals in a research note on Thursday, July 9th. Canaccord Genuity Group cut their price objective on Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating on the stock in a research note on Friday, April 17th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 188.75.

Central Asia Metals Trading Up 2.1%

The company’s fifty day moving average is GBX 140.08 and its 200-day moving average is GBX 168.98. 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 firm has a market capitalization of £251.52 million, a P/E ratio of -3.47 and a beta of 1.18.

Insiders Place Their Bets

In other news, insider Alison Baker purchased 7,545 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was bought at an average cost of GBX 133 per share, for a total transaction of £10,034.85. 8.57% of the stock is currently owned by corporate 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.