Central Asia Metals (LON:CAML) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Central Asia Metals plc (LON:CAML) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 195.72 ($2.47) and traded as low as GBX 156 ($1.97). Central Asia Metals shares last traded at GBX 160 ($2.02), with a volume of 1,258,872 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 230 ($2.90) target price on shares of Central Asia Metals in a research report on Tuesday, September 10th.

Central Asia Metals Stock Up 1.3 %

The firm has a market capitalization of £278.35 million, a PE ratio of 1,000.00 and a beta of 1.12. The business’s fifty day moving average price is GBX 182.30 and its 200 day moving average price is GBX 195.72. 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 Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, October 22nd. Investors of record on Thursday, September 26th were given a GBX 9 ($0.11) dividend. This represents a yield of 5.17%. The ex-dividend date of this dividend was Thursday, September 26th. Central Asia Metals’s dividend payout ratio (DPR) is presently 11,250.00%.

About Central Asia Metals

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.