Central Asia Metals (LON:CAML) Shares Cross Above 200-Day Moving Average – Time to Sell?

Central Asia Metals plc (LON:CAML) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 156.63 and traded as high as GBX 170.82. Central Asia Metals shares last traded at GBX 169.40, with a volume of 9,562,754 shares changing hands.

Analyst Ratings Changes

CAML has been the topic of several research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 170 price objective on shares of Central Asia Metals in a research report on Tuesday, August 11th. Peel Hunt reissued a “buy” rating and set a GBX 205 target price on shares of Central Asia Metals in a research report on Wednesday, August 5th. Finally, Berenberg Bank downgraded shares of Central Asia Metals to a “hold” rating and set a GBX 190 target price for the company. in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Central Asia Metals presently has a consensus rating of “Hold” and an average price target of GBX 181.25.

Central Asia Metals Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 3.41 and a quick ratio of 1.97. The company has a 50 day simple moving average of GBX 153.54 and a 200-day simple moving average of GBX 156.63. The stock has a market capitalization of £288.67 million, a P/E ratio of -6.64 and a beta of 1.19.

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.