Central Asia Metals (LON:CAML) Shares Pass 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 Tuesday . The stock has a 200-day moving average of GBX 156.47 ($2.08) and traded as low as GBX 149 ($1.98). Central Asia Metals shares last traded at GBX 151.10 ($2.01), with a volume of 712,030 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently commented on CAML shares. Royal Bank Of Canada cut their price target on Central Asia Metals from GBX 200 ($2.65) to GBX 190 ($2.52) and set an "outperform" rating for the company in a report on Wednesday, July 16th. Berenberg Bank cut their price target on Central Asia Metals from GBX 190 ($2.52) to GBX 180 ($2.39) and set a "buy" rating for the company in a report on Monday, July 21st. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and issued a GBX 175 ($2.32) price target on shares of Central Asia Metals in a report on Wednesday, May 21st.

Central Asia Metals Stock Up 1.9%

The firm has a 50-day moving average of GBX 157.10 and a two-hundred day moving average of GBX 156.34. The company has a market capitalization of £338.38 million, a PE ratio of 8.80 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.

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.