Could Central Asia Metals Ltd Recover After Today’s Huge Decline?

 Could Central Asia Metals Ltd Recover After Today's Huge Decline?

The stock of Central Asia Metals Ltd (LON:CAML) is a huge mover today! The stock increased 1.82% or GBX 4 on November 28, hitting GBX 224. About 87,091 shares traded hands. Central Asia Metals Ltd (LON:CAML) has risen 23.85% since May 2, 2016 and is uptrending. It has outperformed by 17.84% the S&P500.
The move comes after 9 months negative chart setup for the GBX company. It was reported on Nov, 28 by Barchart.com. We have GBX 210.56 PT which if reached, will make LON:CAML worth GBX less.

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. FinnCap maintained Central Asia Metals Ltd (LON:CAML) rating on Thursday, April 7. FinnCap has “Buy” rating and GBX 264 price target. As per Wednesday, January 6, the company rating was maintained by FinnCap. FinnCap maintained Central Asia Metals Ltd (LON:CAML) rating on Monday, September 12. FinnCap has “Buy” rating and GBX 264 price target. The stock of Central Asia Metals Ltd (LON:CAML) earned “Buy” rating by Peel Hunt on Wednesday, January 13. Investec upgraded the stock to “Hold” rating in Tuesday, July 19 report. The company was maintained on Wednesday, October 5 by FinnCap. The rating was maintained by Peel Hunt on Monday, February 15 with “Buy”. The stock of Central Asia Metals Ltd (LON:CAML) has “Buy” rating given on Wednesday, August 5 by FinnCap. The firm has “Buy” rating by Peel Hunt given on Wednesday, September 14. Peel Hunt maintained the stock with “Buy” rating in Monday, April 11 report.

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 11.5 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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