Shares of Central Asia Metals Ltd (LON:CAML) reached a new 52-week high on Tuesday . The stock traded as high as GBX 304.25 ($4.09) and last traded at GBX 301 ($4.05), with a volume of 574939 shares changing hands. The stock had previously closed at GBX 293.75 ($3.95).
Several analysts recently weighed in on the company. Peel Hunt restated a “buy” rating and set a GBX 315 ($4.24) price target on shares of Central Asia Metals in a report on Friday. FinnCap restated an “under review” rating on shares of Central Asia Metals in a report on Friday, September 22nd.
In other news, insider Kenges Rakishev sold 10,605,875 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of GBX 230 ($3.10), for a total value of £24,393,512.50 ($32,831,107.00).
Central Asia Metals Company Profile
Central Asia Metals plc is a mining and exploration company. The Company’s principal business activity is the production of copper cathode at its Kounrad operations in Kazakhstan. It also owns various exploration projects in Mongolia and holds interest in the copper tailings project in Chile. The Company operates through two segments, which consists of an SX-EW copper plant at Kounrad in Kazakhstan and the Copper Bay project in Chile.
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