Central Asia Metals (LON:CAML) Stock Passes Below 200-Day Moving Average – Should You Sell?

Central Asia Metals plc (LON:CAMLGet Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 172.69 and traded as low as GBX 129.40. Central Asia Metals shares last traded at GBX 129.40, with a volume of 12,615,812 shares changing hands.

Analyst Ratings Changes

Several research analysts have weighed in on CAML shares. Canaccord Genuity Group lowered their price objective on Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating on the stock in a research report on Friday, April 17th. Berenberg Bank reissued a “buy” rating and issued a GBX 190 target price on shares of Central Asia Metals in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 188.75.

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Central Asia Metals Stock Performance

The stock’s 50-day simple moving average is GBX 142.73 and its 200-day simple moving average is GBX 172.15. The stock has a market cap of £234.48 million, a price-to-earnings ratio of -3.23 and a beta of 1.18. The company has a current ratio of 2.92, a quick ratio of 1.97 and a debt-to-equity ratio of 0.76.

Insider Transactions at Central Asia Metals

In related news, insider Alison Baker purchased 7,545 shares of Central Asia Metals stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average price of GBX 133 per share, with a total value of £10,034.85. 8.57% of the stock is owned by corporate 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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