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Central Asia Metals (LON:CAML) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Central Asia Metals logo with Basic Materials background

Shares of Central Asia Metals plc (LON:CAML - Get Free Report) 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

Several research firms recently commented on CAML. Canaccord Genuity Group reaffirmed a "hold" rating and issued a GBX 175 ($2.38) price objective on shares of Central Asia Metals in a research report on Wednesday, May 21st. Berenberg Bank reduced their price objective on 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.

Read Our Latest Stock Report on CAML

Central Asia Metals Stock Performance

The stock's 50-day moving average price is GBX 159.36 and its 200 day moving average price is GBX 157.34. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97. The firm has a market cap 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.

Further Reading

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