Central Asia Metals (LON:CAML) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Central Asia Metals plc (LON:CAML) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 157.22 ($2.12) and traded as low as GBX 153.60 ($2.07). Central Asia Metals shares last traded at GBX 153.60 ($2.07), with a volume of 648,153 shares changing hands.

Analyst Ratings Changes

Several brokerages recently issued reports on CAML. Berenberg Bank lowered shares of Central Asia Metals to a “hold” rating and cut their target price for the company from GBX 180 to GBX 170 in a research report on Thursday, September 11th. Royal Bank Of Canada dropped their price target on shares of Central Asia Metals from GBX 200 to GBX 190 and set an “outperform” rating for the company in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 178.33.

Central Asia Metals Price Performance

The firm’s fifty day moving average price is GBX 157.05 and its 200 day moving average price is GBX 157.22. 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 stock has a market cap of £263.16 million, a PE ratio of 762.34 and a beta of 1.12.

Central Asia Metals (LON:CAML) last released its earnings results on Wednesday, September 10th. The mining company reported GBX 5.33 EPS for the quarter. Central Asia Metals had a net margin of 20.13% and a return on equity of 10.65%. As a group, equities analysts expect that Central Asia Metals plc will post 25.0194049 EPS for the current fiscal year.

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.