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

Central Asia Metals plc (LON:CAML - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 161.34 ($2.15) and traded as low as GBX 154.20 ($2.05). Central Asia Metals shares last traded at GBX 156 ($2.08), with a volume of 394,454 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group restated a "hold" rating and issued a GBX 175 ($2.33) price target on shares of Central Asia Metals in a report on Thursday, March 20th. Berenberg Bank reduced their price target on Central Asia Metals from GBX 200 ($2.66) to GBX 190 ($2.53) and set a "hold" rating on the stock in a research report on Tuesday, April 8th.

Central Asia Metals Trading Down 1.5 %

The firm has a market cap of £347.91 million, a PE ratio of 9.05 and a beta of 1.12. 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 stock's fifty day simple moving average is GBX 156.65 and its 200-day simple moving average is GBX 160.32.

Insiders Place Their Bets

In other Central Asia Metals news, insider Gavin Ferrar sold 3,112 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of GBX 172 ($2.29), for a total value of £5,352.64 ($7,132.10). 6.90% of the stock is currently owned by insiders.

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.