Central Asia Metals plc (OTCMKTS:CAMLF) Short Interest Up 138.9% in January

Central Asia Metals plc (OTCMKTS:CAMLF) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 6,447 shares, an increase of 138.9% from the January 15th total of 2,699 shares. Based on an average trading volume of 5,794 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 5,794 shares, the days-to-cover ratio is currently 1.1 days.

Central Asia Metals Stock Performance

CAMLF opened at $3.08 on Friday. The business’s 50-day simple moving average is $2.66 and its 200 day simple moving average is $2.30. Central Asia Metals has a 52-week low of $1.90 and a 52-week high of $3.59.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada downgraded shares of Central Asia Metals from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Central Asia Metals has a consensus rating of “Hold”.

About Central Asia Metals

Central Asia Metals PLC (OTCMKTS: CAMLF) is a base metals producer and explorer with a focus on copper, zinc and lead. Headquartered in London, the company operates through a portfolio of mining and processing assets in the Balkan region and Central Asia. Its core business activities encompass the extraction, processing and sale of metal concentrates, serving smelters and traders in global markets.

The company’s principal operating asset is the Sasa lead-zinc-silver mine in North Macedonia, which has been in production since 2012.