Central Asia Metals Ltd (LON:CAML)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $222.98 and traded as low as $186.50. Central Asia Metals shares last traded at $189.00, with a volume of 132,701 shares.
CAML has been the subject of several recent research reports. Peel Hunt reduced their price target on Central Asia Metals from GBX 325 ($4.25) to GBX 310 ($4.05) and set a “buy” rating for the company in a research report on Wednesday, July 10th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 290 ($3.79) price target on shares of Central Asia Metals in a research report on Monday, August 19th.
The company has a debt-to-equity ratio of 44.48, a current ratio of 0.92 and a quick ratio of 0.70. The stock has a market capitalization of $330.24 million and a price-to-earnings ratio of 7.05. The stock has a 50 day moving average price of GBX 194.78 and a 200-day moving average price of GBX 222.66.
Central Asia Metals plc, together with its subsidiaries, mines and explores for mineral properties. The company explores for copper, zinc, lead, silver, gold, and molybdenum deposits. The company holds a 100% interests in the solvent extraction-electro winning copper plant located near the city of Balkhash in central Kazakhstan; and Sasa mine located in north eastern Macedonia.
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