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

Central Asia Metals plc (LON:CAML - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 157.96 ($2.14) and traded as low as GBX 153.41 ($2.08). Central Asia Metals shares last traded at GBX 155.80 ($2.11), with a volume of 322,721 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CAML shares. Berenberg Bank decreased their price target on shares of Central Asia Metals from GBX 200 ($2.71) to GBX 190 ($2.57) and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Canaccord Genuity Group restated a "hold" rating and set a GBX 175 ($2.37) target price on shares of Central Asia Metals in a research note on Wednesday.

Central Asia Metals Stock Performance

The stock has a market cap of £350.84 million, a P/E ratio of 9.13 and a beta of 1.12. 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 business has a 50 day moving average price of GBX 157.16 and a two-hundred day moving average price of GBX 157.82.

Insider Transactions at Central Asia Metals

In other Central Asia Metals news, insider Gavin Ferrar sold 3,112 shares of Central Asia Metals stock in a transaction on Friday, March 28th. The shares were sold at an average price of GBX 172 ($2.33), for a total value of £5,352.64 ($7,246.03). Corporate insiders own 6.90% 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.