Central Asia Metals (LON:CAML) Reaches New 52-Week Low – Time to Sell?

Central Asia Metals plc (LON:CAML)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 127.20 and last traded at GBX 129.32, with a volume of 1630848 shares changing hands. The stock had previously closed at GBX 132.

Analyst Upgrades and Downgrades

Several research firms recently commented on CAML. Canaccord Genuity Group reduced their price objective on Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating for the company in a report on Friday, April 17th. Berenberg Bank reiterated a “buy” rating and issued a GBX 190 price target on shares of Central Asia Metals in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Central Asia Metals presently has an average rating of “Moderate Buy” and a consensus target price of GBX 188.75.

Central Asia Metals Stock Down 2.0%

The company’s 50 day moving average price is GBX 148.27 and its two-hundred day moving average price is GBX 176.40. The company has a current ratio of 2.92, a quick ratio of 1.97 and a debt-to-equity ratio of 0.76. The stock has a market cap of £220.38 million, a P/E ratio of -3.04 and a beta of 1.19.

Insiders Place Their Bets

In other Central Asia Metals news, insider Alison Baker purchased 7,545 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were acquired at an average cost of GBX 133 per share, for a total transaction of £10,034.85. Insiders own 8.57% of the company’s stock.

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.