The stock of Central Asia Metals Ltd (LON:CAML) reached all time high today, Nov, 11 and still has GBX 633.99 target or 192.00% above today’s GBX 217.12 share price. This indicates more upside for the GBX company. This technical setup was reported by Barchart.com. If the GBX 633.99 PT is reached, the company will be worth GBX more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. 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 25.14% since April 15, 2016 and is uptrending. It has outperformed by 19.00% 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. The stock of Central Asia Metals Ltd (LON:CAML) earned “Buy” rating by Canaccord Genuity on Wednesday, January 6. The stock of Central Asia Metals Ltd (LON:CAML) has “Buy” rating given on Monday, September 14 by FinnCap. The firm has “Buy” rating by Peel Hunt given on Wednesday, February 3. Peel Hunt maintained it with “Buy” rating and GBX 190 target price in Thursday, April 7 report. The stock has “Buy” rating given by FinnCap on Tuesday, December 1. The firm has “Buy” rating by FinnCap given on Wednesday, June 15. Peel Hunt maintained the shares of CAML in a report on Wednesday, January 13 with “Buy” rating. The rating was maintained by FinnCap with “Buy” on Monday, July 4. The company was maintained on Wednesday, September 14 by Peel Hunt. Peel Hunt maintained the shares of CAML in a report on Monday, February 15 with “Buy” rating.
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. Ft.com‘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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