Central Asia Metals (LON:CAML) Trading Down 11.8% – Here’s What Happened

Central Asia Metals plc (LON:CAML) traded down 11.8% during mid-day trading on Wednesday . The stock traded as low as GBX 142.88 ($1.94) and last traded at GBX 152.60 ($2.07). 6,593,310 shares were traded during trading, an increase of 835% from the average session volume of 704,842 shares. The stock had previously closed at GBX 173 ($2.35).

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Canaccord Genuity Group reissued a “hold” rating and set a GBX 175 target price on shares of Central Asia Metals in a research note on Wednesday, May 21st. Berenberg Bank cut their target price on shares of Central Asia Metals from GBX 190 to GBX 180 and set a “buy” rating on the stock in a research note on Monday, July 21st. Finally, Royal Bank Of Canada cut their target price on shares of Central Asia Metals from GBX 200 to GBX 190 and set an “outperform” rating on the stock in a research note on Wednesday, July 16th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Central Asia Metals has a consensus rating of “Moderate Buy” and a consensus target price of GBX 181.67.

Central Asia Metals Stock Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97. The company’s fifty day simple moving average is GBX 157.93 and its two-hundred day simple moving average is GBX 157.87. The stock has a market cap of £251.03 million, a price-to-earnings ratio of 535.66 and a beta of 1.12.

Central Asia Metals (LON:CAML) last released its quarterly earnings data on Wednesday, September 10th. The mining company reported GBX 5.33 earnings per share for the quarter. Central Asia Metals had a net margin of 20.13% and a return on equity of 10.65%. On average, analysts forecast that Central Asia Metals plc will post 25.0194049 earnings per share for the current year.

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.