Central Asia Metals (LON:CAML) Shares Down 7.3% - What's Next?

Shares of Central Asia Metals plc (LON:CAML - Get Free Report) were down 7.3% on Thursday . The company traded as low as GBX 146.80 ($1.98) and last traded at GBX 149.19 ($2.01). 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 ($2.17).

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CAML shares. Berenberg Bank reduced their price objective on Central Asia Metals from GBX 230 ($3.10) to GBX 190 ($2.56) and set a "buy" rating on the stock in a research report on Thursday, July 3rd. Canaccord Genuity Group restated a "hold" rating and set a GBX 175 ($2.36) price objective on shares of Central Asia Metals in a research report on Wednesday, May 21st.

Central Asia Metals Trading Down 1.9%

The company has a market cap of £329.37 million, a price-to-earnings ratio of 8.57 and a beta of 1.12. The firm has a 50 day moving average price of GBX 159.11 and a two-hundred day moving average price of GBX 157.24. 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.