Central Asia Metals (LON:CAML) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Central Asia Metals plc (LON:CAML) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 166.25 ($2.15) and traded as high as GBX 178.80 ($2.31). Central Asia Metals shares last traded at GBX 170 ($2.20), with a volume of 4,002,922 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 175 ($2.27) price objective on shares of Central Asia Metals in a research report on Thursday, March 20th.

Central Asia Metals Trading Down 2.1 %

The firm has a market capitalization of £379.66 million, a price-to-earnings ratio of 9.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.97 and a current ratio of 5.15. The company has a 50 day moving average price of GBX 156.32 and a two-hundred day moving average price of GBX 166.21.

About Central Asia Metals

Central Asia Metals (CAML) is a base metals producer quoted on the AIM market of the London Stock Exchange with copper operations in Kazakhstan, and a zinc and lead mine in North Macedonia

CAML is based in London and owns 100% of the Kounrad solvent extraction and electrowinning (SX-EW) copper facility in central Kazakhstan and 100% of the Sasa zinc and lead mine in North Macedonia.