Central Asia Metals (LON:CAML) Sets New 1-Year Low – Here’s What Happened

Central Asia Metals plc (LON:CAML)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 138.40 and last traded at GBX 139.45, with a volume of 3213889 shares trading hands. The stock had previously closed at GBX 148.60.

Wall Street Analyst Weigh In

CAML has been the subject of a number of recent analyst reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 190 target price on shares of Central Asia Metals in a report on Wednesday. Canaccord Genuity Group cut their price objective on shares of Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating for the company in a research report on Friday, April 17th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Central Asia Metals presently has an average rating of “Hold” and an average price target of GBX 188.75.

Central Asia Metals Trading Down 6.2%

The stock has a market cap of £237.64 million, a P/E ratio of -3.28 and a beta of 1.18. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.97 and a current ratio of 2.92. The stock has a 50-day moving average price of GBX 155.34 and a 200-day moving average price of GBX 178.79.

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. It is an established low-cost, diversified base-metals producer, with capacity to generate annual copper production of up to 14,000 tonnes, zinc production of up to 21,000 tonnes and lead production of up to 29,000 tonnes.

CAML was incorporated in the United Kingdom and raised $60 million at IPO in September 2010, which was used to build the Kounrad recovery plant in central Kazakhstan.