Central Asia Metals (LON:CAML) Stock Price Passes Below 200-Day Moving Average - Here's Why

Central Asia Metals plc (LON:CAML - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 157.19 ($2.13) and traded as low as GBX 153 ($2.07). Central Asia Metals shares last traded at GBX 156 ($2.11), with a volume of 533,527 shares.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CAML shares. Canaccord Genuity Group reaffirmed a "hold" rating and set a GBX 175 ($2.37) price target on shares of Central Asia Metals in a research report on Wednesday, May 21st. Berenberg Bank cut 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 report on Tuesday, April 8th.

Central Asia Metals Stock Up 0.5%

The firm has a fifty day simple moving average of GBX 156.27 and a 200-day simple moving average of GBX 157.17. The firm has a market cap of £370.59 million, a price-to-earnings ratio of 9.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.97 and a current ratio of 5.15.

Insider Buying and Selling at Central Asia Metals

In other Central Asia Metals news, insider Gavin Ferrar sold 3,112 shares of the firm's stock in a transaction on Friday, March 28th. The stock was sold at an average price of GBX 172 ($2.33), for a total transaction of £5,352.64 ($7,250.93). Insiders own 6.90% of the company's stock.

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.