Central Asia Metals (LON:CAML) Hits New 52-Week Low – Should You Sell?

Shares of Central Asia Metals plc (LON:CAML) reached a new 52-week low on Tuesday. The company traded as low as GBX 125 and last traded at GBX 125.80, with a volume of 1,999,752 shares changing hands. The stock had previously closed at GBX 128.60.

Analyst Upgrades and Downgrades

Several analysts have commented on CAML shares. Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 160 price target on shares of Central Asia Metals in a research note on Thursday, October 15th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 170 price objective on shares of Central Asia Metals in a report on Tuesday, August 11th. Peel Hunt reissued a “buy” rating and set a GBX 205 price target on shares of Central Asia Metals in a report on Wednesday, August 5th. Finally, Berenberg Bank decreased their target price on shares of Central Asia Metals from GBX 190 to GBX 150 and set a “hold” rating on the stock in a research note on Friday. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 171.25.

Central Asia Metals Trading Down 2.2%

The business’s 50-day moving average price is GBX 157.53 and its 200-day moving average price is GBX 163.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.41 and a quick ratio of 1.97. The firm has a market capitalization of £214.37 million, a PE ratio of -4.93 and a beta of 1.21.

Insider Activity at Central Asia Metals

In related news, insider Alison Baker purchased 7,607 shares of the stock in a transaction dated Friday, October 30th. The shares were acquired at an average cost of GBX 131 per share, with a total value of £9,965.17. Insiders own 8.57% of the company’s stock.

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. It is an established low-cost, diversified base-metals producer, with capacity to generate annual copper production of up to 14,000 tonnes, zinc production of up to 21,000 tonnes and lead production of up to 29,000 tonnes.

CAML was incorporated in the United Kingdom and raised $60 million at IPO in September 2010, which was used to build the Kounrad recovery plant in central Kazakhstan.