Central Asia Metals Ltd (LON:CAML)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 339.50 ($4.69) and last traded at GBX 339.50 ($4.69), with a volume of 503643 shares. The stock had previously closed at GBX 339.50 ($4.69).

A number of brokerages have issued reports on CAML. Canaccord Genuity increased their price target on Central Asia Metals from GBX 275 ($3.80) to GBX 320 ($4.42) and gave the stock a “buy” rating in a research report on Friday, February 2nd. Peel Hunt reiterated an “add” rating and set a GBX 345 ($4.77) price target on shares of Central Asia Metals in a research report on Monday, January 29th.

In other Central Asia Metals news, insider Kenges Rakishev sold 10,605,876 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of GBX 275 ($3.80), for a total transaction of £29,166,159 ($40,295,881.46).

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About Central Asia Metals

Central Asia Metals plc is a mining and exploration company. The Company’s principal business activity is the production of copper cathode at its Kounrad operations in Kazakhstan. It also owns various exploration projects in Mongolia and holds interest in the copper tailings project in Chile. The Company operates through two segments, which consists of an SX-EW copper plant at Kounrad in Kazakhstan and the Copper Bay project in Chile.

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