Central Asia Metals (LON:CAML) Share Price Passes Below 200 Day Moving Average – Here’s Why

Central Asia Metals plc (LON:CAML) passed 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.

Wall Street Analysts Forecast Growth

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

Central Asia Metals Stock Up 0.3 %

The company has a market capitalization of £276.61 million, a price-to-earnings ratio of 993.75 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. The stock’s fifty day simple moving average is GBX 164.14 and its two-hundred day simple moving average is GBX 182.28.

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.