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

Key Points

• Central Asia Metals (LON:CAML) share price has fallen below its 200-day moving average of GBX 156.24, trading at GBX 154 ($2.06) recently.
• Equities analysts have issued mixed ratings, with Canaccord Genuity maintaining a "hold" rating and others, like Royal Bank of Canada, reducing their price target to GBX 190 ($2.54).
• The company has an overall solid financial position, with a debt-to-equity ratio of 0.55 and a market capitalization of £348.82 million.

Central Asia Metals plc (LON:CAML - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 156.24 ($2.10) and traded as low as GBX 149.60 ($2.01). Central Asia Metals shares last traded at GBX 154 ($2.07), with a volume of 492,649 shares changing hands.

Analyst Ratings Changes

CAML has been the topic of several research reports. Canaccord Genuity Group reissued a "hold" rating and set a GBX 175 ($2.35) price objective on shares of Central Asia Metals in a research note on Wednesday, May 21st. Royal Bank Of Canada reduced their target price on Central Asia Metals from GBX 200 ($2.69) to GBX 190 ($2.55) and set an "outperform" rating for the company in a research note on Wednesday, July 16th. Finally, Berenberg Bank lowered their target price on shares of Central Asia Metals from GBX 190 ($2.55) to GBX 180 ($2.42) and set a "buy" rating for the company in a research note on Monday, July 21st.

Central Asia Metals Stock Performance

The firm has a market cap of £357.43 million, a price-to-earnings ratio of 9.30 and a beta of 1.12. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55. The stock has a fifty day moving average price of GBX 156.72 and a 200 day moving average price of GBX 156.29.

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.