Central Asia Metals (LON:CAML) Trading 8.5% Higher – Here’s Why

Central Asia Metals plc (LON:CAML)’s stock price traded up 8.5% during trading on Wednesday . The company traded as high as GBX 185.20 and last traded at GBX 181.80. 4,819,152 shares traded hands during trading, an increase of 149% from the average session volume of 1,937,685 shares. The stock had previously closed at GBX 167.60.

Analysts Set New Price Targets

A number of equities analysts have commented on CAML shares. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 170 price objective on shares of Central Asia Metals in a research note on Tuesday, August 11th. Peel Hunt restated a “buy” rating and issued a GBX 205 price target on shares of Central Asia Metals in a research report on Wednesday, August 5th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 190 price objective on shares of Central Asia Metals in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 181.25.

Central Asia Metals Stock Performance

The stock has a fifty day simple moving average of GBX 141.87 and a two-hundred day simple moving average of GBX 160.15. 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 has a market cap of £309.80 million, a price-to-earnings ratio of -4.27 and a beta of 1.19.

Insiders Place Their Bets

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

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.