Insider Buying: Central Asia Metals (LON:CAML) Insider Buys £9,965.17 in Stock

Central Asia Metals plc (LON:CAML) insider Alison Baker purchased 7,607 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was bought at an average cost of GBX 131 per share, for a total transaction of £9,965.17.

Central Asia Metals Price Performance

Shares of LON:CAML opened at GBX 129.40 on Monday. The company has a quick ratio of 1.97, a current ratio of 3.41 and a debt-to-equity ratio of 0.62. Central Asia Metals plc has a twelve month low of GBX 125.27 and a twelve month high of GBX 244. The company has a market cap of £220.51 million, a price-to-earnings ratio of -5.07 and a beta of 1.21. The business has a 50 day moving average price of GBX 158.08 and a 200 day moving average price of GBX 163.81.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank Of Canada reissued 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 issued a GBX 205 price target on shares of Central Asia Metals in a report on Wednesday, August 5th. Berenberg Bank dropped their price objective on shares of Central Asia Metals from GBX 190 to GBX 150 and set a “hold” rating on the stock in a research note on Friday. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 160 price target on shares of Central Asia Metals in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 171.25.

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.