Central Asia Metals (LON:CAML) Hits New 52-Week High – Here’s What Happened
by Teresa Graham · The Cerbat GemCentral Asia Metals plc (LON:CAML – Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 194.80 and last traded at GBX 193.80, with a volume of 1195791 shares trading hands. The stock had previously closed at GBX 188.80.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Canaccord Genuity Group restated a “hold” rating and set a GBX 175 target price on shares of Central Asia Metals in a research note on Thursday, October 16th. Berenberg Bank reissued a “hold” rating and issued a GBX 170 price target on shares of Central Asia Metals in a report on Wednesday, October 8th. Finally, Peel Hunt restated a “buy” rating and set a GBX 205 price objective on shares of Central Asia Metals in a report on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 185.
View Our Latest Stock Report on CAML
Central Asia Metals Stock Up 2.6%
The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.97 and a current ratio of 5.15. The firm has a market capitalization of £333.87 million, a P/E ratio of 9.76 and a beta of 1.12. The stock has a fifty day moving average price of GBX 169.30 and a two-hundred day moving average price of GBX 160.49.
Insider Activity
In other Central Asia Metals news, insider Gavin Ferrar purchased 12,669 shares of Central Asia Metals stock in a transaction dated Thursday, November 6th. The shares were bought at an average cost of GBX 158 per share, for a total transaction of £20,017.02. Insiders own 9.00% 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.