Central Asia Metals (LON:CAML) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of Central Asia Metals plc (LON:CAML) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 184.29 ($2.31) and traded as low as GBX 153.20 ($1.92). Central Asia Metals shares last traded at GBX 156 ($1.95), with a volume of 67,132 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 230 ($2.88) price target on shares of Central Asia Metals in a research report on Tuesday, September 10th.

Central Asia Metals Price Performance

The company has a market capitalization of £271.39 million, a price-to-earnings ratio of 975.00 and a beta of 1.12. The stock has a fifty day simple moving average of GBX 166.78 and a 200-day simple moving average of GBX 184.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97.

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.