Central Asia Metals (LON:CAML) Shares Pass Below 200 Day Moving Average of $222.98

Central Asia Metals Ltd (LON:CAML)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $222.98 and traded as low as $186.50. Central Asia Metals shares last traded at $189.00, with a volume of 132,701 shares traded.

A number of research analysts have weighed in on the stock. Peel Hunt cut their target price on shares of Central Asia Metals from GBX 325 ($4.25) to GBX 310 ($4.05) and set a “buy” rating for the company in a research report on Wednesday, July 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 290 ($3.79) price objective on shares of Central Asia Metals in a research report on Monday, August 19th.

The stock’s 50-day moving average price is GBX 194.78 and its 200 day moving average price is GBX 222.66. The firm has a market cap of $330.24 million and a price-to-earnings ratio of 7.05. The company has a quick ratio of 0.70, a current ratio of 0.92 and a debt-to-equity ratio of 44.48.

Central Asia Metals Company Profile (LON:CAML)

Central Asia Metals plc, together with its subsidiaries, mines and explores for mineral properties. The company explores for copper, zinc, lead, silver, gold, and molybdenum deposits. The company holds a 100% interests in the solvent extraction-electro winning copper plant located near the city of Balkhash in central Kazakhstan; and Sasa mine located in north eastern Macedonia.

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