Central Asia Metals (LON:CAML) Share Price Crosses Above Two Hundred Day Moving Average of $174.77

Central Asia Metals plc (LON:CAML) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 174.77 ($2.20) and traded as high as GBX 214 ($2.69). Central Asia Metals shares last traded at GBX 212 ($2.66), with a volume of 198,326 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CAML shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 220 ($2.76) target price on shares of Central Asia Metals in a report on Tuesday, April 9th. Canaccord Genuity Group raised their target price on shares of Central Asia Metals from GBX 180 ($2.26) to GBX 215 ($2.70) and gave the company a “hold” rating in a research note on Friday, April 26th.

Central Asia Metals Trading Up 0.5 %

The company has a market capitalization of £385.63 million, a P/E ratio of 1,325.00 and a beta of 1.09. The company has a quick ratio of 1.97, a current ratio of 4.44 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is GBX 188.58 and its 200 day moving average price is GBX 174.77.

Central Asia Metals Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, April 25th will be paid a GBX 9 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a yield of 4.71%. Central Asia Metals’s dividend payout ratio is currently 11,250.00%.

About Central Asia Metals

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.