Central Asia Metals (LON:CAML) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Central Asia Metals plc (LON:CAML) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated 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 Performance

The firm has a market cap of £385.56 million, a price-to-earnings ratio of 10.03 and a beta of 1.12. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average is GBX 156.15 and its 200 day moving average is GBX 166.25.

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.