Central Asia Metals (LON:CAML) Stock Passes Below 200 Day Moving Average - Time to Sell?

Central Asia Metals plc (LON:CAML - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 200.73 ($2.62) and traded as low as GBX 184 ($2.40). Central Asia Metals shares last traded at GBX 185.40 ($2.42), with a volume of 171,432 shares traded.

Wall Street Analysts Forecast Growth

CAML has been the subject of several analyst reports. Berenberg Bank reissued a "buy" rating and issued a GBX 230 ($3.00) price target on shares of Central Asia Metals in a research note on Tuesday, September 10th. Canaccord Genuity Group reiterated a "hold" rating and issued a GBX 215 ($2.81) price objective on shares of Central Asia Metals in a research report on Thursday, July 11th.

Central Asia Metals Stock Performance

The stock has a 50-day moving average price of GBX 189.03 and a 200 day moving average price of GBX 200.59. The firm has a market capitalization of £309.32 million, a price-to-earnings ratio of 1,111.25 and a beta of 1.12. The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55.

Central Asia Metals Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Thursday, September 26th will be issued a dividend of GBX 9 ($0.12) per share. This represents a yield of 5.17%. The ex-dividend date of this dividend is Thursday, September 26th. Central Asia Metals's dividend payout ratio (DPR) is 11,250.00%.

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.