Could Central Asia Metals Ltd Lose its Strength? The Stock Reaches 52-Week High

 Could Central Asia Metals Ltd Lose its Strength? The Stock Reaches 52 Week High

The stock of Central Asia Metals Ltd (LON:CAML) hit a new 52-week high and has GBX 442.92 target or 104.00% above today’s GBX 217.12 share price. The 8 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 11 by If the GBX 442.92 price target is reached, the company will be worth GBX more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 6.17% or GBX 12.62 on November 11, hitting GBX 217.12. About 548,367 shares traded hands or 706.08% up from the average. Central Asia Metals Ltd (LON:CAML) has risen 18.90% since April 14, 2016 and is uptrending. It has outperformed by 12.75% the S&P500.

Central Asia Metals Ltd (LON:CAML) Ratings Coverage

Out of 5 analysts covering Central Asia Metals PLC (LON:CAML), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Central Asia Metals PLC has been the topic of 44 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Beaufort Securities maintained the shares of CAML in a report on Tuesday, July 5 with “Speculative Buy” rating. The rating was maintained by Investec on Friday, October 30 with “Hold”. FinnCap maintained Central Asia Metals Ltd (LON:CAML) rating on Tuesday, December 1. FinnCap has “Buy” rating and GBX 273 price target. The stock has “Buy” rating given by FinnCap on Monday, July 4. The rating was maintained by FinnCap with “Buy” on Wednesday, January 6. The rating was maintained by Peel Hunt with “Buy” on Wednesday, January 13. FinnCap maintained Central Asia Metals Ltd (LON:CAML) on Monday, September 14 with “Buy” rating. Peel Hunt maintained Central Asia Metals Ltd (LON:CAML) on Wednesday, November 2 with “Buy” rating. The stock of Central Asia Metals Ltd (LON:CAML) earned “Hold” rating by Investec on Tuesday, July 19. FinnCap maintained the stock with “Buy” rating in Wednesday, September 2 report.

More news for Central Asia Metals Ltd (LON:CAML) were recently published by: Fool.Co.Uk, which released: “Anglo American plc, Central Asia Metals Ltd & Wolf Minerals Limited Are …” on March 22, 2016.‘s article titled: “Central Asia Metals avoids pitfalls” and published on January 06, 2015 is yet another important article.

Central Asia Metals plc is a mining and exploration company. The company has a market cap of GBP. The Company’s principal business activity is the production of copper cathode at its Kounrad activities in Kazakhstan. It has a 11.21 P/E ratio. It also owns various exploration projects in Mongolia and holds interest in the copper tailings project in Chile.

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