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

Key Points

• Central Asia Metals shares fell below their 200-day moving average, trading as low as GBX 146.40 versus the GBX 162.46 average, and last changed hands at GBX 147.80.
• Analysts remain broadly positive, with an average rating of “Moderate Buy” and an average price target of GBX 181.25; targets range from GBX 170 to GBX 205.
• Insider Alison Baker bought 7,545 shares at GBX 133, while insiders collectively own 8.57% of the company. CAML operates copper, zinc and lead assets in Kazakhstan and North Macedonia.

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 162.46 and traded as low as GBX 146.40. Central Asia Metals shares last traded at GBX 147.80, with a volume of 633,594 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CAML. Berenberg Bank restated a "buy" rating and set a GBX 190 price objective on shares of Central Asia Metals in a research note on Thursday, July 9th. Peel Hunt reiterated a "buy" rating and issued a GBX 205 target price on shares of Central Asia Metals in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 170 target price on shares of Central Asia Metals in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 181.25.

Central Asia Metals Stock Performance

The company's 50-day simple moving average is GBX 139.96 and its 200 day simple moving average is GBX 162.46. The stock has a market cap of £251.86 million, a P/E ratio of -3.47 and a beta of 1.19. The company has a current ratio of 2.92, a quick ratio of 1.97 and a debt-to-equity ratio of 0.76.

Insider Buying and Selling

In other Central Asia Metals news, insider Alison Baker purchased 7,545 shares of the company's stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average cost of GBX 133 per share, for a total transaction of £10,034.85. Company insiders own 8.57% 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. It is an established low-cost, diversified base-metals producer, with capacity to generate annual copper production of up to 14,000 tonnes, zinc production of up to 21,000 tonnes and lead production of up to 29,000 tonnes. CAML was incorporated in the United Kingdom and raised $60 million at IPO in September 2010, which was used to build the Kounrad recovery plant in central Kazakhstan.

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