Central Asia Metals (LON:CAML) Hits New 1-Year High – Here’s Why

Central Asia Metals plc (LON:CAML) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 182 and last traded at GBX 181.40, with a volume of 997625 shares traded. The stock had previously closed at GBX 177.20.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Berenberg Bank reissued a “hold” rating and issued a GBX 170 target price on shares of Central Asia Metals in a research note on Wednesday, October 8th. Peel Hunt reiterated a “buy” rating and set a GBX 205 price objective on shares of Central Asia Metals in a research report on Friday, October 10th. Finally, Canaccord Genuity Group restated a “hold” rating and issued a GBX 175 target price on shares of Central Asia Metals in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 185.

Central Asia Metals Stock Down 1.4%

The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55. The company has a market capitalization of £308.02 million, a P/E ratio of 9.00 and a beta of 1.12. The company has a 50-day moving average of GBX 162.33 and a two-hundred day moving average of GBX 158.92.

Insider Activity at Central Asia Metals

In other news, insider Gavin Ferrar acquired 12,669 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average cost of GBX 158 per share, with a total value of £20,017.02. Corporate insiders own 9.00% of the company’s stock.

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.