Central Asia Metals (LON:CAML) Stock Passes Below 200-Day Moving Average – Time to Sell?

Central Asia Metals plc (LON:CAML) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 178.85 and traded as low as GBX 155. Central Asia Metals shares last traded at GBX 155.40, with a volume of 953,023 shares changing hands.

Wall Street Analysts Forecast Growth

CAML has been the topic of several analyst reports. Canaccord Genuity Group decreased their price target on Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating on the stock in a research report on Friday, April 17th. Berenberg Bank reissued a “hold” rating and set a GBX 190 price objective on shares of Central Asia Metals in a report on Friday, April 17th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Central Asia Metals has an average rating of “Hold” and an average target price of GBX 188.75.

Central Asia Metals Stock Down 0.3%

The company has a debt-to-equity ratio of 0.76, a current ratio of 2.92 and a quick ratio of 1.97. The company has a market cap of £264.81 million, a PE ratio of -3.65 and a beta of 1.18. The company has a fifty day moving average price of GBX 155.65 and a 200 day moving average price of GBX 178.85.

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.