Insider Buying: Central Asia Metals (LON:CAML) Insider Buys £10,023.30 in Stock

Central Asia Metals plc (LON:CAML) insider Mike Prentis purchased 7,770 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was purchased at an average price of GBX 129 per share, for a total transaction of £10,023.30.

Central Asia Metals Stock Performance

LON CAML opened at GBX 130.94 on Thursday. The business has a 50 day simple moving average of GBX 156.08 and a two-hundred day simple moving average of GBX 162.76. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.41 and a quick ratio of 1.97. The stock has a market capitalization of £223.13 million, a PE ratio of -5.13 and a beta of 1.21. Central Asia Metals plc has a 1-year low of GBX 125 and a 1-year high of GBX 244.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Peel Hunt restated a “buy” rating and issued a GBX 205 price objective on shares of Central Asia Metals in a research report on Wednesday, August 5th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 170 price objective on shares of Central Asia Metals in a research note on Tuesday, August 11th. Berenberg Bank lowered their price objective on Central Asia Metals from GBX 190 to GBX 150 and set a “hold” rating for the company in a research report on Friday, October 30th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a GBX 160 price objective on shares of Central Asia Metals in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Central Asia Metals presently has an average rating of “Hold” and a consensus target price of GBX 171.25.

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.