Central Asia Metals (LON:CAML) Stock Price Down 14.8% – Here’s Why

Central Asia Metals plc (LON:CAML) shares fell 14.8% during mid-day trading on Tuesday . The company traded as low as GBX 201.50 and last traded at GBX 204. 10,772,350 shares changed hands during trading, an increase of 342% from the average session volume of 2,437,515 shares. The stock had previously closed at GBX 239.50.

Analyst Ratings Changes

CAML has been the subject of a number of recent analyst reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 215 target price on shares of Central Asia Metals in a report on Wednesday. Canaccord Genuity Group boosted their price objective on shares of Central Asia Metals from GBX 175 to GBX 205 and gave the company a “hold” rating in a research note on Friday, January 23rd. Finally, Royal Bank Of Canada lowered shares of Central Asia Metals to a “sector perform” rating and decreased their target price for the stock from GBX 220 to GBX 200 in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 206.25.

Central Asia Metals Stock Up 2.2%

The company has a debt-to-equity ratio of 2.15, a current ratio of 1.88 and a quick ratio of 1.97. The company has a market cap of £320.52 million, a PE ratio of 9.45 and a beta of 1.09. The company has a fifty day moving average price of GBX 209.36 and a 200 day moving average price of GBX 177.89.

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.