Central Asia Metals (LON:CAML) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Central Asia Metals plc (LON:CAML - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 169.49 ($2.19) and traded as low as GBX 152 ($1.96). Central Asia Metals shares last traded at GBX 154.20 ($1.99), with a volume of 465,042 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price objective on Central Asia Metals from GBX 215 ($2.78) to GBX 175 ($2.26) and set a "hold" rating for the company in a research report on Tuesday, February 11th.

Central Asia Metals Price Performance

The firm has a 50-day moving average of GBX 155.55 and a 200-day moving average of GBX 169.23. 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 firm has a market capitalization of £342.01 million, a P/E ratio of 8.90 and a beta of 1.12.

Central Asia Metals Company Profile

Central Asia Metals (CAML) is a base metals producer quoted on the AIM market of the London Stock Exchange with copper operations in Kazakhstan, and a zinc and lead mine in North Macedonia CAML is based in London and owns 100% of the Kounrad solvent extraction and electrowinning (SX-EW) copper facility in central Kazakhstan and 100% of the Sasa zinc and lead mine in North Macedonia.