Central Asia Metals (LON:CAML) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Central Asia Metals plc (LON:CAML) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 178.85 and traded as low as GBX 155. Central Asia Metals shares last traded at GBX 155.40, with a volume of 953,023 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CAML shares. Canaccord Genuity Group lowered their price target on shares of Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating for the company in a report on Friday, April 17th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 190 price target on shares of Central Asia Metals in a report on Friday, April 17th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Central Asia Metals presently has a consensus rating of “Hold” and an average target price of GBX 188.75.

Central Asia Metals Trading Down 0.3%

The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.97 and a current ratio of 2.92. The stock’s fifty day moving average is GBX 155.65 and its 200 day moving average is GBX 178.85. The stock has a market cap of £264.81 million, a P/E ratio of -3.65 and a beta of 1.18.

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.