Central Asia Metals (LON:CAML) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of Central Asia Metals plc (LON:CAML) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 169.49 ($2.19) and traded as low as GBX 152 ($1.96). Central Asia Metals shares last traded at GBX 154.20 ($1.99), with a volume of 465,042 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their price objective on shares of Central Asia Metals from GBX 215 ($2.78) to GBX 175 ($2.26) and set a “hold” rating for the company in a research note on Tuesday, February 11th.

Central Asia Metals Price Performance

The firm has a market capitalization of £348.82 million, a price-to-earnings ratio of 9.07 and a beta of 1.12. The company’s 50 day moving average is GBX 155.55 and its 200-day moving average is GBX 169.23. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55.

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.