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

Central Asia Metals plc (LON:CAML)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 179.10 and traded as low as GBX 156. Central Asia Metals shares last traded at GBX 160.60, with a volume of 873,818 shares changing hands.

Analyst Upgrades and Downgrades

CAML has been the subject of a number of analyst reports. Berenberg Bank reissued a “hold” rating and set a GBX 190 target price on shares of Central Asia Metals in a research note on Friday, April 17th. Canaccord Genuity Group reduced 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 research note on Friday, April 17th. Finally, Royal Bank Of Canada lowered shares of Central Asia Metals to a “sector perform” rating and reduced their price target for the stock from GBX 220 to GBX 200 in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 188.75.

Central Asia Metals Trading Down 2.9%

The business’s 50 day moving average price is GBX 160.03 and its two-hundred day moving average price is GBX 178.95. The company has a market capitalization of £263.11 million, a price-to-earnings ratio of -3.63 and a beta of 1.18. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.97 and a current ratio of 2.92.

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.