Central Asia Metals (LON:CAML) Reaches New 1-Year Low – What’s Next?

Central Asia Metals plc (LON:CAML – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 127.20 and last traded at GBX 129.32, with a volume of 1630848 shares changing hands. The stock had previously closed at GBX 132.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 190 price objective on shares of Central Asia Metals in a research note on Thursday, June 18th. Canaccord Genuity Group decreased their target price on shares of Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating on the stock in a research note on Friday, April 17th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 188.75.

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Check Out Our Latest Analysis on CAML

Central Asia Metals Stock Down 2.0%

The company has a debt-to-equity ratio of 0.76, a current ratio of 2.92 and a quick ratio of 1.97. The company has a 50-day moving average price of GBX 148.27 and a 200 day moving average price of GBX 176.40. The firm has a market capitalization of £220.38 million, a PE ratio of -3.04 and a beta of 1.19.

Insider Transactions at Central Asia Metals

In related news, insider Alison Baker acquired 7,545 shares of Central Asia Metals stock in a transaction dated Monday, June 8th. The shares were purchased 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 company insiders.

About Central Asia Metals

(Get Free Report)

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.

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