Central Asia Metals (LON:CAML) Share Price Passes Below 200-Day Moving Average – Here’s Why

Central Asia Metals plc (LON:CAML) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 199.74 ($2.59) and traded as low as GBX 177.40 ($2.30). Central Asia Metals shares last traded at GBX 178 ($2.31), with a volume of 187,436 shares trading hands.

Wall Street Analyst Weigh In

CAML has been the subject of a number of research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 230 ($2.99) price objective on shares of Central Asia Metals in a report on Tuesday, September 10th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 215 ($2.79) target price on shares of Central Asia Metals in a research note on Thursday, July 11th.

Central Asia Metals Stock Performance

The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55. The company has a market cap of £312.08 million, a P/E ratio of 1,112.50 and a beta of 1.12. The company’s fifty day moving average is GBX 188.22 and its 200 day moving average is GBX 199.74.

Central Asia Metals Announces Dividend

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

Central Asia Metals Company Profile

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.