Central Asia Metals (LON:CAML) Shares Down 7.3% - Here's Why

Central Asia Metals plc (LON:CAML - Get Free Report) dropped 7.3% during trading on Thursday . The company traded as low as GBX 146.80 ($1.99) and last traded at GBX 149.19 ($2.03). Approximately 2,780,131 shares traded hands during mid-day trading, an increase of 385% from the average daily volume of 573,622 shares. The stock had previously closed at GBX 161 ($2.19).

Analyst Ratings Changes

A number of brokerages recently issued reports on CAML. Berenberg Bank reduced their price target on Central Asia Metals from GBX 230 ($3.12) to GBX 190 ($2.58) and set a "buy" rating on the stock in a research report on Thursday, July 3rd. Canaccord Genuity Group reissued a "hold" rating and set a GBX 175 ($2.38) target price on shares of Central Asia Metals in a report on Wednesday, May 21st.

Central Asia Metals Stock Performance

The stock's fifty day moving average price is GBX 159.27 and its two-hundred day moving average price is GBX 157.30. The company has a market cap of £329.37 million, a P/E ratio of 8.57 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.

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.