Central Asia Metals (LON:CAML) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Central Asia Metals plc (LON:CAML) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Ratings Changes

A number of research firms have issued reports on CAML. Canaccord Genuity Group cut their price target on Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating on the stock in a report on Friday, April 17th. Berenberg Bank reiterated a “buy” rating and issued a GBX 190 price objective on shares of Central Asia Metals in a research note on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 188.75.

Central Asia Metals Stock Performance

The company has a market capitalization of £234.39 million, a price-to-earnings ratio of -3.23 and a beta of 1.18. The company has a 50 day moving average price of GBX 141.33 and a 200 day moving average price of GBX 170.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.97 and a current ratio of 2.92.

Insider Activity at Central Asia Metals

In other news, insider Alison Baker bought 7,545 shares of the stock in a transaction dated Monday, June 8th. The shares were bought at an average cost of GBX 133 per share, with a total value 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.