Central Asia Metals (LON:CAML) Shares Cross Below Two Hundred Day Moving Average - Here's What Happened

Shares of Central Asia Metals plc (LON:CAML - Get Free Report) crossed 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 trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Berenberg Bank lowered their price objective on Central Asia Metals from GBX 200 ($2.71) to GBX 190 ($2.57) and set a "hold" rating for the company in a research note on Tuesday, April 8th. Canaccord Genuity Group reissued a "hold" rating and issued a GBX 175 ($2.37) price target on shares of Central Asia Metals in a research report on Wednesday, May 21st.

Central Asia Metals Trading Down 2.1%

The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97. The firm's fifty day moving average is GBX 157.20 and its two-hundred day moving average is GBX 157.52. The firm has a market capitalization of £350.84 million, a PE ratio of 9.13 and a beta of 1.12.

Insider Buying and Selling at Central Asia Metals

In other news, insider Gavin Ferrar sold 3,112 shares of the firm's stock in a transaction that occurred 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 ($7,243.09). 6.90% of the stock is owned by corporate insiders.

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.