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

Central Asia Metals plc (LON:CAML)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 167 and traded as low as GBX 145.20. Central Asia Metals shares last traded at GBX 146.60, with a volume of 716,592 shares.

Analyst Ratings Changes

Several equities analysts recently issued reports on CAML shares. Peel Hunt reissued a “buy” rating and issued a GBX 205 target price on shares of Central Asia Metals in a research report on Wednesday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 190 price target on shares of Central Asia Metals in a research report on Thursday, July 9th. Finally, Canaccord Genuity Group dropped their price target on Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating on the stock in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 188.75.

Central Asia Metals Stock Performance

The firm’s 50 day simple moving average is GBX 139.10 and its 200 day simple moving average is GBX 166.29. The firm has a market capitalization of £254.59 million, a price-to-earnings ratio of -3.51 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.

Insider Transactions at Central Asia Metals

In other Central Asia Metals news, insider Alison Baker bought 7,545 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was bought at an average cost of GBX 133 per share, for a total transaction of £10,034.85. 8.57% of the stock is owned by corporate insiders.

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.