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

Central Asia Metals plc (LON:CAML)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 184.29 ($2.31) and traded as low as GBX 153.20 ($1.92). Central Asia Metals shares last traded at GBX 156 ($1.95), with a volume of 67,132 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 230 ($2.88) price objective on shares of Central Asia Metals in a research note on Tuesday, September 10th.

Central Asia Metals Stock Performance

The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55. The stock has a market cap of £271.39 million, a P/E ratio of 975.00 and a beta of 1.12. The business has a 50 day moving average price of GBX 166.78 and a 200 day moving average price of GBX 184.29.

About Central Asia Metals

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.