Central Asia Metals (LON:CAML) Reaches New 1-Year High – Here’s What Happened

Shares of Central Asia Metals plc (LON:CAML) reached a new 52-week high on Monday . The stock traded as high as GBX 201 and last traded at GBX 200, with a volume of 614399 shares traded. The stock had previously closed at GBX 197.

Analyst Ratings Changes

Several research firms have commented on CAML. Canaccord Genuity Group restated a “hold” rating and issued a GBX 175 target price on shares of Central Asia Metals in a research note on Thursday, October 16th. Peel Hunt reiterated a “buy” rating and issued a GBX 205 price objective on shares of Central Asia Metals in a report on Friday, October 10th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 170 price objective on shares of Central Asia Metals in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 185.

Central Asia Metals Trading Up 1.5%

The company has a market cap of £344.18 million, a price-to-earnings ratio of 10.07 and a beta of 1.12. 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 firm has a fifty day moving average price of GBX 176.08 and a 200 day moving average price of GBX 162.72.

Insider Buying and Selling

In other news, insider Gavin Ferrar acquired 12,669 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was bought at an average price of GBX 158 per share, with a total value of £20,017.02. 9.00% of the stock is currently owned by corporate insiders.

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.