Central Asia Metals (LON:CAML) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Central Asia Metals plc (LON:CAML) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 178.43 and traded as low as GBX 178.20. Central Asia Metals shares last traded at GBX 178.60, with a volume of 527,176 shares changing hands.

Wall Street Analyst Weigh In

CAML has been the subject of several recent analyst reports. Berenberg Bank reiterated a “hold” rating and issued a GBX 215 target price on shares of Central Asia Metals in a research note on Wednesday, March 4th. Royal Bank Of Canada lowered Central Asia Metals to a “sector perform” rating and dropped their price objective for the company from GBX 220 to GBX 200 in a research note on Thursday, January 22nd. Finally, Canaccord Genuity Group raised their price objective on Central Asia Metals from GBX 175 to GBX 205 and gave the company a “hold” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 206.25.

Central Asia Metals Stock Performance

The company has a debt-to-equity ratio of 2.15, a current ratio of 1.88 and a quick ratio of 1.97. The stock’s 50-day moving average price is GBX 208.54 and its 200-day moving average price is GBX 178.43. The company has a market cap of £304.62 million, a P/E ratio of 8.99 and a beta of 1.09.

Central Asia Metals Company Profile

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.