Central Asia Metals (LON:CAML) Stock Price Down 7.3% - Here's Why

Central Asia Metals plc (LON:CAML - Get Free Report) shares were down 7.3% during trading on Thursday . The company traded as low as GBX 146.80 ($1.98) and last traded at GBX 149.19 ($2.01). 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 ($2.17).

Wall Street Analyst Weigh In

A number of analysts have recently commented on CAML shares. Canaccord Genuity Group reissued a "hold" rating and issued a GBX 175 ($2.36) price objective on shares of Central Asia Metals in a research note on Wednesday, May 21st. Berenberg Bank reduced their price target on shares of Central Asia Metals from GBX 230 ($3.10) to GBX 190 ($2.56) and set a "buy" rating for the company in a research report on Thursday, July 3rd.

Central Asia Metals Price Performance

The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55. The company has a market capitalization of £328.40 million, a P/E ratio of 8.54 and a beta of 1.12. The company's 50-day simple moving average is GBX 159.11 and its 200 day simple moving average is GBX 157.24.

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.