Central Asia Metals (LON:CAML) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Central Asia Metals plc (LON:CAML)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 170.72 and traded as low as GBX 136.20. Central Asia Metals shares last traded at GBX 137.98, with a volume of 708,849 shares.

Analysts Set New Price Targets

Several analysts have weighed in on CAML shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 190 price target on shares of Central Asia Metals in a report on Thursday, July 9th. Canaccord Genuity Group decreased their price objective on shares of Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating on the stock in a research report on Friday, April 17th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 188.75.

Central Asia Metals Price Performance

The company has a current ratio of 2.92, a quick ratio of 1.97 and a debt-to-equity ratio of 0.76. The company has a market capitalization of £235.12 million, a P/E ratio of -3.24 and a beta of 1.18. The business’s fifty day moving average price is GBX 141.66 and its 200-day moving average price is GBX 170.72.

Insider Buying and Selling

In other news, insider Alison Baker purchased 7,545 shares of the stock in a transaction on Monday, June 8th. The shares were acquired at an average price of GBX 133 per share, for a total transaction of £10,034.85. 8.57% of the stock is currently 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.