Central Asia Metals (LON:CAML) Stock Price Crosses Below 200 Day Moving Average - Here's Why

Central Asia Metals plc (LON:CAML - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 184.29 ($2.32) and traded as low as GBX 153.20 ($1.93). Central Asia Metals shares last traded at GBX 156 ($1.96), with a volume of 67,132 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 230 ($2.89) price target on shares of Central Asia Metals in a research note on Tuesday, September 10th.

Central Asia Metals Stock Performance

The company has a market capitalization of £270.70 million, a price-to-earnings ratio of 972.50 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97. The stock has a 50 day simple moving average of GBX 166.78 and a two-hundred day simple moving average of GBX 184.29.

Central Asia Metals Company Profile

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.