Central Asia Metals (LON:CAML) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Central Asia Metals plc (LON:CAML) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 182.28 ($2.26) and traded as low as GBX 155.80 ($1.94). Central Asia Metals shares last traded at GBX 159 ($1.98), with a volume of 186,738 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 230 ($2.86) target price on shares of Central Asia Metals in a report on Tuesday, September 10th.

Central Asia Metals Price Performance

The firm has a 50-day simple moving average of GBX 164.14 and a 200-day simple moving average of GBX 182.28. The firm has a market cap of £276.61 million, a P/E ratio of 993.75 and a beta of 1.12. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55.

Central Asia Metals Company Profile

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.