Central Asia Metals (LON:CAML) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

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.

Analyst Ratings Changes

Several research firms have issued reports on CAML. Berenberg Bank reaffirmed a “buy” rating and set a GBX 190 price objective on shares of Central Asia Metals in a report on Thursday, July 9th. Canaccord Genuity Group cut their target price 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. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Central Asia Metals has an average rating of “Moderate Buy” and an average target price of GBX 188.75.

Central Asia Metals Price Performance

The company has a debt-to-equity ratio of 0.76, a current ratio of 2.92 and a quick ratio of 1.97. The stock has a 50 day moving average price of GBX 140.08 and a 200-day moving average price of GBX 168.98. The stock has a market capitalization of £251.52 million, a price-to-earnings ratio of -3.47 and a beta of 1.18.

Insider Buying and Selling

In other news, insider Alison Baker acquired 7,545 shares of the firm’s stock in a transaction on 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.