Central Asia Metals (LON:CAML) Shares Cross Below 200-Day Moving Average of $207.54

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Central Asia Metals Ltd (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 $207.54 and traded as low as $206.00. Central Asia Metals shares last traded at $207.50, with a volume of 35,209 shares.

A number of research firms recently issued reports on CAML. Shore Capital reissued a “not rated” rating on shares of Central Asia Metals in a research report on Tuesday, October 8th. Peel Hunt reaffirmed a “buy” rating on shares of Central Asia Metals in a research report on Tuesday, October 8th. Peel Hunt reiterated a “buy” rating and set a GBX 310 ($4.05) price objective on shares of Central Asia Metals in a research note on Friday, September 27th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 290 ($3.79) price objective on shares of Central Asia Metals in a research report on Monday, August 19th. Finally, VSA Capital reissued a “buy” rating on shares of Central Asia Metals in a research report on Tuesday, October 8th. Four investment analysts have rated the stock with a buy rating, Central Asia Metals currently has a consensus rating of “Buy” and an average price target of GBX 303.33 ($3.96).

The firm has a fifty day moving average of GBX 210.95 and a 200-day moving average of GBX 207.37. The company has a debt-to-equity ratio of 38.20, a quick ratio of 0.63 and a current ratio of 0.88. The stock has a market capitalization of $366.93 million and a price-to-earnings ratio of 8.02.

About Central Asia Metals (LON:CAML)

Central Asia Metals plc, together with its subsidiaries, mines and explores for mineral properties. The company explores for copper, zinc, lead, silver, gold, and molybdenum deposits. The company holds a 100% interests in the solvent extraction-electro winning copper plant located near the city of Balkhash in central Kazakhstan; and Sasa mine located in north eastern Macedonia.

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