Central Asia Metals (LON:CAML) Insider Buys £10,034.85 in Stock

Central Asia Metals plc (LON:CAML) insider Alison Baker bought 7,545 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average price of GBX 133 per share, with a total value of £10,034.85.

Central Asia Metals Stock Performance

CAML stock traded up GBX 3 during midday trading on Monday, hitting GBX 135.80. The stock had a trading volume of 1,015,180 shares, compared to its average volume of 1,977,056. Central Asia Metals plc has a 52 week low of GBX 130 and a 52 week high of GBX 244. The company has a current ratio of 2.92, a quick ratio of 1.97 and a debt-to-equity ratio of 0.76. The stock has a 50-day simple moving average of GBX 154.32 and a 200 day simple moving average of GBX 178.44. The firm has a market capitalization of £231.41 million, a price-to-earnings ratio of -3.19 and a beta of 1.18.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Berenberg Bank reiterated a “hold” rating and set a GBX 190 target price on shares of Central Asia Metals in a research report on Wednesday, June 3rd. Canaccord Genuity Group reduced their target price on Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating on the stock in a report on Friday, April 17th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Central Asia Metals currently has a consensus rating of “Hold” and a consensus price target of GBX 188.75.

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.