Central Asia Metals (LON:CAML) Share Price Passes Below 200-Day Moving Average of $207.54

Central Asia Metals Ltd (LON:CAML) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $207.54 and traded as low as $206.00. Central Asia Metals shares last traded at $207.50, with a volume of 35,209 shares trading hands.

CAML has been the subject of several recent analyst reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 310 ($4.05) target price on shares of Central Asia Metals in a report on Friday, September 27th. Peel Hunt reissued a “buy” rating on shares of Central Asia Metals in a report on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 290 ($3.79) price objective on shares of Central Asia Metals in a research report on Monday, August 19th. VSA Capital reaffirmed a “buy” rating on shares of Central Asia Metals in a research note on Tuesday, October 8th. Finally, Shore Capital reaffirmed a “not rated” rating on shares of Central Asia Metals in a research note on Tuesday, October 8th. Four research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of GBX 303.33 ($3.96).

The company has a current ratio of 0.88, a quick ratio of 0.63 and a debt-to-equity ratio of 38.20. The firm has a market capitalization of $365.17 million and a P/E ratio of 7.98. The company has a 50 day simple moving average of GBX 210.91 and a two-hundred day simple moving average of GBX 207.44.

About Central Asia Metals (LON:CAML)

Central Asia Metals plc, together with its subsidiaries, mines and explores for mineral properties. The company explores for copper, zinc, lead, silver, gold, and molybdenum deposits. The company holds a 100% interests in the solvent extraction-electro winning copper plant located near the city of Balkhash in central Kazakhstan; and Sasa mine located in north eastern Macedonia.

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