Central Asia Metals (LON:CAML) Stock Price Crosses Below 200-Day Moving Average of $222.98

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Central Asia Metals Ltd (LON:CAML)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $222.98 and traded as low as $186.50. Central Asia Metals shares last traded at $189.00, with a volume of 132,701 shares.

CAML has been the subject of several recent research reports. Peel Hunt reduced their price target on Central Asia Metals from GBX 325 ($4.25) to GBX 310 ($4.05) and set a “buy” rating for the company in a research report on Wednesday, July 10th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 290 ($3.79) price target on shares of Central Asia Metals in a research report on Monday, August 19th.

The company has a debt-to-equity ratio of 44.48, a current ratio of 0.92 and a quick ratio of 0.70. The stock has a market capitalization of $330.24 million and a price-to-earnings ratio of 7.05. The stock has a 50 day moving average price of GBX 194.78 and a 200-day moving average price of GBX 222.66.

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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