Central Asia Metals (LON:CAML) Stock Price Passes Below 200 Day Moving Average - Time to Sell?

Central Asia Metals plc (LON:CAML - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 157.34 ($2.14) and traded as low as GBX 156.80 ($2.13). Central Asia Metals shares last traded at GBX 161.10 ($2.19), with a volume of 695,145 shares traded.

Analysts Set New Price Targets

CAML has been the topic of a number of recent research reports. Berenberg Bank cut their price objective on Central Asia Metals from GBX 230 ($3.13) 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 research note on Wednesday, May 21st.

Central Asia Metals Trading Down 7.5%

The company's fifty day moving average is GBX 159.36 and its two-hundred day moving average is GBX 157.34. The stock has a market cap of £337.93 million, a price-to-earnings ratio of 8.79 and a beta of 1.12. 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.

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