Central Asia Metals (LON:CAML) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Central Asia Metals plc (LON:CAML) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 172.59 ($2.18) and traded as low as GBX 158 ($1.99). Central Asia Metals shares last traded at GBX 158.60 ($2.00), with a volume of 362,285 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their target price on Central Asia Metals from GBX 215 ($2.71) to GBX 175 ($2.21) and set a “hold” rating for the company in a research report on Tuesday, February 11th.

Central Asia Metals Stock Performance

The company’s fifty day simple moving average is GBX 156.64 and its 200 day simple moving average is GBX 172.59. 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 firm has a market capitalization of £358.34 million, a PE ratio of 9.32 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.