Central Asia Metals (LON:CAML) Stock Price Down 7.3% – Should You Sell?

Central Asia Metals plc (LON:CAML) shares fell 7.3% during trading on Friday . The company traded as low as GBX 146.80 ($1.98) and last traded at GBX 149.19 ($2.01). 2,780,131 shares were traded during mid-day trading, an increase of 385% from the average session volume of 573,622 shares. The stock had previously closed at GBX 161 ($2.17).

Analyst Upgrades and Downgrades

CAML has been the topic of several recent research reports. Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 175 ($2.36) price objective on shares of Central Asia Metals in a research note on Wednesday, May 21st. Berenberg Bank reduced their target price on shares of Central Asia Metals from GBX 230 ($3.10) to GBX 190 ($2.56) and set a “buy” rating for the company in a report on Thursday, July 3rd.

Central Asia Metals Stock Down 1.9%

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.97 and a current ratio of 5.15. The company’s 50-day moving average price is GBX 159.11 and its 200 day moving average price is GBX 157.23. The stock has a market capitalization of £329.37 million, a P/E ratio of 8.57 and a beta of 1.12.

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.