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

Central Asia Metals plc (LON:CAML) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 162.46 and traded as low as GBX 146.40. Central Asia Metals shares last traded at GBX 147.80, with a volume of 633,594 shares changing hands.

Wall Street Analyst Weigh In

CAML has been the topic of several recent analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 190 target price on shares of Central Asia Metals in a research note on Thursday, July 9th. Peel Hunt reissued a “buy” rating and set a GBX 205 price target on shares of Central Asia Metals in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 170 price target on shares of Central Asia Metals in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Central Asia Metals has a consensus rating of “Moderate Buy” and an average price target of GBX 181.25.

Central Asia Metals Stock Performance

The stock has a 50-day moving average of GBX 140.24 and a 200 day moving average of GBX 161.91. The firm has a market capitalization of £258.68 million, a P/E ratio of -3.57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.97 and a current ratio of 2.92.

Insider Buying and Selling

In other Central Asia Metals news, insider Alison Baker bought 7,545 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were 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.

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.