Central Asia Metals (LON:CAML) Stock Passes Below 200-Day Moving Average of $210.07

Central Asia Metals plc (LON:CAML)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 210.07 ($2.65) and traded as low as GBX 199.40 ($2.52). Central Asia Metals shares last traded at GBX 201.50 ($2.54), with a volume of 421,146 shares traded.

Wall Street Analyst Weigh In

A number of research firms have commented on CAML. Royal Bank of Canada decreased their price objective on shares of Central Asia Metals from GBX 245 ($3.09) to GBX 240 ($3.03) and set an “outperform” rating for the company in a report on Tuesday, June 13th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 265 ($3.35) price objective on shares of Central Asia Metals in a report on Tuesday, July 11th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 265 ($3.35) target price on shares of Central Asia Metals in a research note on Tuesday, July 11th.

Central Asia Metals Stock Up 0.5 %

The firm’s fifty day moving average is GBX 188.37 and its two-hundred day moving average is GBX 210.07. The firm has a market cap of £366.53 million, a price-to-earnings ratio of 1,343.33 and a beta of 1.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.17 and a quick ratio of 1.97.

Central Asia Metals Company Profile

Central Asia Metals plc, together with its subsidiaries, operates as a base metals producer. The company produces copper, zinc, silver, and lead. It owns a 100% interest in the Kounrad solvent extraction- electrowinning operation located near the city of Balkhash in central Kazakhstan; and a 100% interest in the Sasa mine located in north Macedonia.