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Central Asia Metals (LON:CAML) Stock Price Crosses Below Two Hundred Day Moving Average - Should You Sell?


Central Asia Metals (LON:CAML) Stock Price Crosses Below Two Hundred Day Moving Average   - Should You Sell?

Shares of Central Asia Metals plc (LON:CAML - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 197.30 ($2.57) and traded as low as GBX 169.60 ($2.21). Central Asia Metals shares last traded at GBX 169.60 ($2.21), with a volume of 743,824 shares.

CAML has been the subject of several research reports. Canaccord Genuity Group reaffirmed a "hold" rating and set a GBX 215 ($2.80) price target on shares of Central Asia Metals in a report on Thursday, July 11th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 230 ($2.99) target price on shares of Central Asia Metals in a report on Tuesday, September 10th.

View Our Latest Analysis on CAML

The stock has a fifty day simple moving average of GBX 184.92 and a two-hundred day simple moving average of GBX 197.30. 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 stock has a market cap of £299.23 million, a price-to-earnings ratio of 1,060.00 and a beta of 1.12.

The business also recently disclosed a dividend, which was paid on Tuesday, October 22nd. Investors of record on Thursday, September 26th were paid a GBX 9 ($0.12) dividend. This represents a yield of 5.17%. The ex-dividend date was Thursday, September 26th. Central Asia Metals's payout ratio is 11,250.00%.

Central Asia Metals plc, together with its subsidiaries, operates as a base metals producer. The company produces copper, zinc, silver, and lead. It owns a 100% interest in the Kounrad solvent extraction- electrowinning operation located near the city of Balkhash in central Kazakhstan. The company owns 100% interest in the Sasa mine located in north Macedonia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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