Short Interest in Central Asia Metals plc (OTCMKTS:CAMLF) Increases By 1,097.3%

Central Asia Metals plc (OTCMKTS:CAMLF) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 2,227 shares, a growth of 1,097.3% from the February 12th total of 186 shares. Based on an average trading volume of 4,516 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 4,516 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada cut shares of Central Asia Metals from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Central Asia Metals Price Performance

Central Asia Metals stock opened at $2.44 on Thursday. The business’s 50-day moving average price is $2.81 and its 200 day moving average price is $2.40. Central Asia Metals has a 52 week low of $1.90 and a 52 week high of $3.59.

About Central Asia Metals

Central Asia Metals PLC (OTCMKTS: CAMLF) is a base metals producer and explorer with a focus on copper, zinc and lead. Headquartered in London, the company operates through a portfolio of mining and processing assets in the Balkan region and Central Asia. Its core business activities encompass the extraction, processing and sale of metal concentrates, serving smelters and traders in global markets.

The company’s principal operating asset is the Sasa lead-zinc-silver mine in North Macedonia, which has been in production since 2012.