Central Asia Metals (LON:CAML) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Central Asia Metals plc (LON:CAML)’s share price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 150.72 and traded as low as GBX 132.60. Central Asia Metals shares last traded at GBX 133.40, with a volume of 2,291,701 shares traded.

Analyst Upgrades and Downgrades

CAML has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 170 price target on shares of Central Asia Metals in a report on Tuesday, August 11th. Peel Hunt reiterated a “buy” rating and issued a GBX 205 price objective on shares of Central Asia Metals in a research note on Wednesday, August 5th. Berenberg Bank reissued a “hold” rating and set a GBX 190 price objective on shares of Central Asia Metals in a research report on Thursday, October 8th. Finally, Canaccord Genuity Group restated a “hold” rating and set a GBX 160 target price on shares of Central Asia Metals in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Central Asia Metals has an average rating of “Hold” and a consensus price target of GBX 181.25.

Central Asia Metals Price Performance

The stock has a fifty day moving average of GBX 159.83 and a two-hundred day moving average of GBX 150.61. The company has a current ratio of 3.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of £231.41 million, a price-to-earnings ratio of -5.33 and a beta of 1.21.

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. 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.