Central Asia Metals (LON:CAML) Share Price Passes Below Two Hundred Day Moving Average of $438.24

Central Asia Metals plc (LON:CAML) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 438.24 ($5.73) and traded as low as GBX 232.50 ($3.04). Central Asia Metals shares last traded at GBX 242 ($3.16), with a volume of 301,102 shares traded.

A number of research firms have recently commented on CAML. Canaccord Genuity reissued a “buy” rating and set a GBX 295 ($3.85) target price on shares of Central Asia Metals in a research report on Thursday, November 18th. Berenberg Bank lifted their price target on shares of Central Asia Metals from GBX 300 ($3.92) to GBX 320 ($4.18) and gave the stock a “buy” rating in a research note on Wednesday, October 6th. Finally, Royal Bank of Canada lowered their target price on shares of Central Asia Metals from GBX 300 ($3.92) to GBX 285 ($3.72) and set a “sector perform” rating for the company in a research note on Tuesday, August 17th.

The company has a quick ratio of 0.80, a current ratio of 0.99 and a debt-to-equity ratio of 15.73. The firm’s 50 day simple moving average is GBX 235.29 and its two-hundred day simple moving average is GBX 438.24. The stock has a market cap of £425.99 million and a P/E ratio of 10.48.

The firm also recently announced a dividend, which was paid on Friday, October 22nd. Shareholders of record on Thursday, September 30th were paid a dividend of GBX 8 ($0.10) per share. The ex-dividend date of this dividend was Thursday, September 30th. This represents a yield of 3.25%. Central Asia Metals’s payout ratio is 0.83%.

Central Asia Metals Company Profile (LON:CAML)

Central Asia Metals plc, together with its subsidiaries, mines and explores for mineral properties. It primarily explores for copper, zinc, lead, and silver deposits. It holds 100% interests in the solvent extraction- electrowinning copper plant located near the city of Balkhash in central Kazakhstan; and Sasa mine located in north eastern Macedonia.

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