Central Asia Metals (LON:CAML) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Central Asia Metals plc (LON:CAML)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 197.30 ($2.57) and traded as low as GBX 169.60 ($2.21). Central Asia Metals shares last traded at GBX 169.60 ($2.21), with a volume of 743,824 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 230 ($2.99) target price on shares of Central Asia Metals in a research report on Tuesday, September 10th.

Central Asia Metals Stock Performance

The company’s fifty day moving average price is GBX 184.11 and its two-hundred day moving average price is GBX 196.91. The firm has a market capitalization of £293.66 million, a PE ratio of 1,055.00 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.97 and a current ratio of 5.15.

Central Asia Metals Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Thursday, September 26th were paid a dividend of GBX 9 ($0.12) per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a yield of 5.17%. 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.