Central Asia Metals (LON:CAML) Stock Passes Below 200 Day Moving Average – What’s Next?

Central Asia Metals plc (LON:CAML)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 197.30 ($2.57) and traded as low as GBX 169.60 ($2.21). Central Asia Metals shares last traded at GBX 169.60 ($2.21), with a volume of 743,824 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 230 ($2.99) price objective on shares of Central Asia Metals in a research note on Tuesday, September 10th. Canaccord Genuity Group reaffirmed a “hold” rating and set a GBX 215 ($2.80) price target on shares of Central Asia Metals in a research report on Thursday, July 11th.

Central Asia Metals Stock Performance

The firm has a market capitalization of £299.23 million, a P/E ratio of 1,060.00 and a beta of 1.12. The stock has a fifty day simple moving average of GBX 184.92 and a two-hundred day simple moving average of GBX 197.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97.

Central Asia Metals Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, October 22nd. Investors of record on Thursday, September 26th were given a dividend of GBX 9 ($0.12) per share. The ex-dividend date was Thursday, September 26th. This represents a dividend yield of 5.17%. Central Asia Metals’s payout ratio is presently 11,250.00%.

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.