Central Asia Metals (LON:CAML) Stock Passes Above 200-Day Moving Average of $194.54

Central Asia Metals plc (LON:CAML) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 194.54 ($2.53) and traded as high as GBX 195 ($2.53). Central Asia Metals shares last traded at GBX 190.20 ($2.47), with a volume of 104,129 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CAML. Berenberg Bank lowered their target price on shares of Central Asia Metals from GBX 240 ($3.12) to GBX 230 ($2.99) and set a “buy” rating on the stock in a report on Thursday, July 11th. Canaccord Genuity Group restated a “hold” rating and set a GBX 215 ($2.79) price objective on shares of Central Asia Metals in a research note on Thursday, July 11th.

Central Asia Metals Stock Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 4.44 and a quick ratio of 1.97. The stock has a 50-day moving average price of GBX 196.28 and a 200-day moving average price of GBX 194.75. The company has a market capitalization of £335.07 million, a price-to-earnings ratio of 1,284.00 and a beta of 1.15.

Central Asia Metals Company Profile

Central Asia Metals plc, together with its subsidiaries, operates as a base metals producer. The company produces copper, zinc, silver, and lead. It owns a 100% interest in the Kounrad solvent extraction- electrowinning operation located near the city of Balkhash in central Kazakhstan. The company owns 100% interest in the Sasa mine located in north Macedonia.