Central Asia Metals (LON:CAML) Reaches New 12-Month Low – Should You Sell?

Central Asia Metals plc (LON:CAML)’s share price hit a new 52-week low during trading on Tuesday. The company traded as low as GBX 125 and last traded at GBX 125.80, with a volume of 1,999,752 shares traded. The stock had previously closed at GBX 128.60.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 170 price objective on shares of Central Asia Metals in a research report on Tuesday, August 11th. Peel Hunt restated a “buy” rating and issued a GBX 205 target price on shares of Central Asia Metals in a report on Wednesday, August 5th. Berenberg Bank decreased their target price on shares of Central Asia Metals from GBX 190 to GBX 150 and set a “hold” rating on the stock in a research note on Friday, October 30th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a GBX 160 price target on shares of Central Asia Metals in a report on Thursday, October 15th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Central Asia Metals currently has an average rating of “Hold” and an average target price of GBX 171.25.

Central Asia Metals Trading Up 1.4%

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.97 and a current ratio of 3.41. The stock’s 50-day simple moving average is GBX 155.03 and its 200-day simple moving average is GBX 162.42. The firm has a market capitalization of £219.83 million, a PE ratio of -5.06 and a beta of 1.21.

Insider Activity at Central Asia Metals

In other news, insider Alison Baker bought 7,607 shares of the firm’s stock in a transaction dated Friday, October 30th. The stock was purchased at an average price of GBX 131 per share, with a total value of £9,965.17. Also, insider Mike Prentis bought 7,770 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was purchased at an average cost of GBX 129 per share, with a total value of £10,023.30. Insiders own 8.57% of the company’s stock.

Central Asia Metals Company Profile

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.