Central Asia Metals (CAML) Hits New 52-Week High at $312.00

Central Asia Metals Ltd (LON:CAML) shares hit a new 52-week high on Monday . The stock traded as high as GBX 312 ($4.23) and last traded at GBX 308 ($4.18), with a volume of 230864 shares trading hands. The stock had previously closed at GBX 308 ($4.18).

Several research analysts recently weighed in on the company. Peel Hunt cut Central Asia Metals to an “add” rating and raised their target price for the company from GBX 315 ($4.27) to GBX 345 ($4.68) in a research note on Wednesday. FinnCap reaffirmed an “under review” rating on shares of Central Asia Metals in a research note on Friday, September 22nd.

In related news, insider Kenges Rakishev sold 10,605,875 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of GBX 230 ($3.12), for a total value of £24,393,512.50 ($33,080,434.64).

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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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