Central Asia Metals (LON:CAML) Sets New 52-Week Low – Here’s Why

Central Asia Metals plc (LON:CAML)’s stock price hit a new 52-week low on Thursday . The company traded as low as GBX 138.40 and last traded at GBX 139.45, with a volume of 3213889 shares traded. The stock had previously closed at GBX 148.60.

Analyst Ratings Changes

Several analysts recently issued reports on CAML shares. Canaccord Genuity Group reduced their price target on shares of Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating for the company in a research report on Friday, April 17th. Berenberg Bank restated a “hold” rating and set a GBX 190 price objective on shares of Central Asia Metals in a report on Wednesday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 188.75.

Central Asia Metals Stock Performance

The company’s 50 day simple moving average is GBX 155.34 and its 200 day simple moving average is GBX 178.79. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.97 and a current ratio of 2.92. The stock has a market cap of £237.64 million, a PE ratio of -3.28 and a beta of 1.18.

About Central Asia Metals

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. It is an established low-cost, diversified base-metals producer, with capacity to generate annual copper production of up to 14,000 tonnes, zinc production of up to 21,000 tonnes and lead production of up to 29,000 tonnes.

CAML was incorporated in the United Kingdom and raised $60 million at IPO in September 2010, which was used to build the Kounrad recovery plant in central Kazakhstan.