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

Central Asia Metals plc (LON:CAML)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 184.29 ($2.32) and traded as low as GBX 153.20 ($1.93). Central Asia Metals shares last traded at GBX 156 ($1.96), with a volume of 67,132 shares changing hands.

Wall Street Analysts Forecast Growth

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

Central Asia Metals Trading Down 0.3 %

The company’s fifty day simple moving average is GBX 166.28 and its two-hundred day simple moving average is GBX 183.91. The company has a market capitalization of £270.70 million, a price-to-earnings ratio of 972.50 and a beta of 1.12. The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55.

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.