Central Asia Metals (LON:CAML) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Central Asia Metals plc (LON:CAML) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 166.25 ($2.15) and traded as high as GBX 178.80 ($2.31). Central Asia Metals shares last traded at GBX 170 ($2.20), with a volume of 4,002,922 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 175 ($2.27) price target on shares of Central Asia Metals in a research note on Thursday, March 20th.

Central Asia Metals Stock Down 2.5 %

The firm has a market capitalization of £385.56 million, a P/E ratio of 10.03 and a beta of 1.12. The firm’s 50 day moving average is GBX 156.15 and its two-hundred day moving average is GBX 166.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97.

Central Asia Metals Company Profile

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.