Could Central Asia Metals Ltd Go Down After Reaching 52-Week High?

 Could Central Asia Metals Ltd Go Down After Reaching 52 Week High?

The stock of Central Asia Metals Ltd (LON:CAML) hit a new 52-week high and has GBX 237.60 target or 8.00% above today’s GBX 220.00 share price. The 7 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 237.60 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 decreased 2.65% or GBX 6 on November 25, hitting GBX 220. About 777,342 shares traded hands or 718.00% up from the average. Central Asia Metals Ltd (LON:CAML) has risen 22.73% since April 29, 2016 and is uptrending. It has outperformed by 17.32% 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. Peel Hunt maintained Central Asia Metals Ltd (LON:CAML) on Monday, September 12 with “Buy” rating. The rating was maintained by Investec with “Sell” on Wednesday, January 20. The firm earned “Buy” rating on Monday, February 15 by Peel Hunt. The stock has “Buy” rating given by FinnCap on Monday, March 21. The stock of Central Asia Metals Ltd (LON:CAML) earned “Buy” rating by Canaccord Genuity on Thursday, June 9. The firm earned “Buy” rating on Monday, September 12 by Canaccord Genuity. The stock has “Buy” rating given by Peel Hunt on Wednesday, July 20. The firm has “Buy” rating by Peel Hunt given on Wednesday, August 31. The rating was maintained by Peel Hunt on Thursday, May 5 with “Buy”. The company was maintained on Thursday, April 7 by FinnCap.

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 11.26 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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