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

Central Asia Metals plc (LON:CAML - Get Free Report)'s share price was down 7.3% during 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 were traded 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).

Analysts Set New Price Targets

A number of research firms recently weighed in on CAML. Canaccord Genuity Group reaffirmed a "hold" rating and set a GBX 175 ($2.38) price objective on shares of Central Asia Metals in a research report on Wednesday, May 21st. Berenberg Bank decreased 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 note on Thursday, July 3rd.

Central Asia Metals Stock Performance

The stock's 50-day simple moving average is GBX 159.27 and its 200 day simple moving average is GBX 157.30. The company has a market capitalization of £329.37 million, a PE 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.

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.