Central Asia Metals (LON:CAML) Sets New 1-Year High – Here’s What Happened

Shares of Central Asia Metals plc (LON:CAML) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 187.62 and last traded at GBX 185.20, with a volume of 212050 shares traded. The stock had previously closed at GBX 185.20.

Analyst Ratings Changes

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

Central Asia Metals Stock Performance

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 business’s fifty day moving average is GBX 163.32 and its two-hundred day moving average is GBX 159.14. The firm has a market cap of £319.05 million, a price-to-earnings ratio of 9.33 and a beta of 1.12.

Insider Transactions at Central Asia Metals

In related news, insider Gavin Ferrar purchased 12,669 shares of Central Asia Metals stock in a transaction dated Thursday, November 6th. The shares were acquired at an average cost of GBX 158 per share, for a total transaction of £20,017.02. Insiders own 9.00% of the company’s stock.

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.