Central Asia Metals (LON:CAML) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Central Asia Metals plc (LON:CAML) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 157.36 and traded as high as GBX 172.10. Central Asia Metals shares last traded at GBX 168.20, with a volume of 6,054,894 shares trading hands.

Analyst Ratings Changes

Several research firms have recently commented on CAML. Peel Hunt restated a “buy” rating and set a GBX 205 price target on shares of Central Asia Metals in a research note on Wednesday, August 5th. Berenberg Bank lowered shares of Central Asia Metals to a “hold” rating and set a GBX 190 price objective on the stock. in a research report on Thursday, August 27th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 170 price objective on shares of Central Asia Metals in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Central Asia Metals currently has an average rating of “Hold” and an average price target of GBX 181.25.

Central Asia Metals Stock Performance

The stock’s 50-day moving average is GBX 158.65 and its 200 day moving average is GBX 153.21. The stock has a market cap of £285.94 million, a price-to-earnings ratio of -6.58 and a beta of 1.19. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.41 and a quick ratio of 1.97.

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. 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.