Central Asia Metals (LON:CAML) Share Price Passes Below 200-Day Moving Average - Should You Sell?

Central Asia Metals plc (LON:CAML - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 161.34 ($2.17) and traded as low as GBX 154.20 ($2.07). Central Asia Metals shares last traded at GBX 156 ($2.10), with a volume of 394,454 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CAML. Berenberg Bank dropped their price objective on shares of Central Asia Metals from GBX 200 ($2.69) to GBX 190 ($2.55) and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Canaccord Genuity Group reissued a "hold" rating and set a GBX 175 ($2.35) price objective on shares of Central Asia Metals in a report on Thursday, March 20th.

Central Asia Metals Stock Up 0.8 %

The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of £353.35 million, a P/E ratio of 9.19 and a beta of 1.12. The stock's 50-day simple moving average is GBX 156.78 and its 200-day simple moving average is GBX 160.79.

Insider Buying and Selling

In other Central Asia Metals news, insider Gavin Ferrar sold 3,112 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of GBX 172 ($2.31), for a total value of £5,352.64 ($7,191.51). 6.90% of the stock is currently owned by corporate insiders.

About Central Asia Metals

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.