Central Asia Metals (LON:CAML) Hits New 12-Month Low – Time to Sell?

Central Asia Metals plc (LON:CAML)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 149.31 ($1.88) and last traded at GBX 151.40 ($1.90), with a volume of 926989 shares trading hands. The stock had previously closed at GBX 157.20 ($1.98).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 230 ($2.89) price target on shares of Central Asia Metals in a research report on Tuesday, September 10th.

Central Asia Metals Price Performance

The stock’s 50 day moving average is GBX 170.70 and its two-hundred day moving average is GBX 186.87. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97. The stock has a market capitalization of £263.39 million, a PE ratio of 946.25 and a beta of 1.12.

Central Asia Metals Company Profile

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.