Short Interest in Central Asia Metals plc (OTCMKTS:CAMLF) Rises By 138.9%

Central Asia Metals plc (OTCMKTS:CAMLF) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 6,447 shares, a growth of 138.9% from the January 15th total of 2,699 shares. Based on an average daily trading volume, of 5,794 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 5,794 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada cut shares of Central Asia Metals from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Central Asia Metals currently has a consensus rating of “Hold”.

Central Asia Metals Stock Performance

Shares of OTCMKTS CAMLF opened at $3.08 on Friday. The stock’s 50 day moving average price is $2.65 and its 200-day moving average price is $2.30. Central Asia Metals has a twelve month low of $1.90 and a twelve month high of $3.59.

Central Asia Metals Company Profile

Central Asia Metals PLC (OTCMKTS: CAMLF) is a base metals producer and explorer with a focus on copper, zinc and lead. Headquartered in London, the company operates through a portfolio of mining and processing assets in the Balkan region and Central Asia. Its core business activities encompass the extraction, processing and sale of metal concentrates, serving smelters and traders in global markets.

The company’s principal operating asset is the Sasa lead-zinc-silver mine in North Macedonia, which has been in production since 2012.