Central Asia Metals (LON:CAML) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Central Asia Metals plc (LON:CAML)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 170.98 ($2.17) and traded as low as GBX 157 ($1.99). Central Asia Metals shares last traded at GBX 158.80 ($2.01), with a volume of 456,995 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their target price on shares of Central Asia Metals from GBX 215 ($2.73) to GBX 175 ($2.22) and set a “hold” rating on the stock in a research report on Tuesday, February 11th.

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’s fifty day moving average price is GBX 155.83 and its two-hundred day moving average price is GBX 170.98. The company has a market cap of £354.73 million, a price-to-earnings ratio of 9.23 and a beta of 1.12.

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.