Central Asia Metals (LON:CAML) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Central Asia Metals' shares have declined below the 200-day moving average, closing at GBX 153.60 ($2.07) after reaching a low of GBX 153.60 during trading.
• Recent analysts' updates included Berenberg Bank lowering its target price from GBX 180 to GBX 170, while Royal Bank of Canada cut its target from GBX 200 to GBX 190.
• The company's current ratio stands at 5.15 and it reported earnings per share of GBX 5.33 for the last quarter, indicating financial stability amidst stock price declines.

Central Asia Metals plc (LON:CAML - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 157.22 ($2.12) and traded as low as GBX 153.60 ($2.07). Central Asia Metals shares last traded at GBX 153.60 ($2.07), with a volume of 648,153 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CAML. Berenberg Bank lowered shares of Central Asia Metals to a "hold" rating and cut their target price for the company from GBX 180 to GBX 170 in a research note on Thursday, September 11th. Royal Bank Of Canada cut their target price on shares of Central Asia Metals from GBX 200 to GBX 190 and set an "outperform" rating on the stock in a research note on Wednesday, July 16th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of GBX 178.33.

Central Asia Metals Price Performance

The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of £263.16 million, a PE ratio of 762.34 and a beta of 1.12. The firm's fifty day simple moving average is GBX 157.05 and its 200-day simple moving average is GBX 157.22.

Central Asia Metals (LON:CAML - Get Free Report) last released its quarterly earnings data on Wednesday, September 10th. The mining company reported GBX 5.33 earnings per share for the quarter. Central Asia Metals had a net margin of 20.13% and a return on equity of 10.65%. On average, research analysts forecast that Central Asia Metals plc will post 25.0194049 earnings per share for the current fiscal year.

Central Asia Metals Company Profile

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.

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