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Central Asia Metals (LON:CAML) Stock Price Down 7.3% - Time to Sell?

Central Asia Metals logo with Basic Materials background

Central Asia Metals plc (LON:CAML - Get Free Report) dropped 7.3% during mid-day trading on Thursday . The stock 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 trading, an increase of 385% from the average daily volume of 573,622 shares. The stock had previously closed at GBX 161 ($2.19).

Wall Street Analyst Weigh In

CAML has been the subject of several research reports. Berenberg Bank lowered their price objective on shares of Central Asia Metals from GBX 230 ($3.12) to GBX 190 ($2.58) and set a "buy" rating for the company in a research report on Thursday, July 3rd. Canaccord Genuity Group reissued a "hold" rating and issued a GBX 175 ($2.38) price target on shares of Central Asia Metals in a report on Wednesday, May 21st.

Read Our Latest Report on Central Asia Metals

Central Asia Metals Price Performance

The company has a fifty day simple moving average of GBX 159.36 and a two-hundred day simple moving average of GBX 157.34. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of £338.35 million, a P/E ratio of 8.80 and a beta of 1.12.

About Central Asia Metals

(Get Free Report)

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.

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