Central Asia Metals (LON:CAML) Stock Price Down 7.3% - Should You Sell?

Shares of Central Asia Metals plc (LON:CAML - Get Free Report) traded down 7.3% during mid-day trading on Thursday . The stock traded as low as GBX 146.80 ($1.98) and last traded at GBX 149.19 ($2.01). 2,780,131 shares traded hands during mid-day trading, an increase of 385% from the average session volume of 573,622 shares. The stock had previously closed at GBX 161 ($2.17).

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. 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 note on Wednesday, May 21st. Berenberg Bank lowered their price objective on shares of Central Asia Metals from GBX 230 ($3.10) to GBX 190 ($2.56) and set a "buy" rating on the stock in a research note on Thursday, July 3rd.

Central Asia Metals Stock Down 1.9%

The company has a market capitalization of £329.37 million, a price-to-earnings ratio of 8.57 and a beta of 1.12. The firm's 50 day moving average price is GBX 159.11 and its two-hundred day moving average price is GBX 157.22. The company has a current ratio of 5.15, a quick ratio of 1.97 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.