Peel Hunt Reiterated Central Asia Metals PLC (LON:CAML) As ‘Buy’

Peel Hunt Reiterated Central Asia Metals PLC (LON:CAML) As ‘Buy’On Wednesday analysts at Peel Hunt reiterated Central Asia Metals PLC’s (LON:CAML) shares as ‘Buy’ in a research note issued to investors.

Following Peel Hunt’s latest price target of 205 on the business this highlights that the broker now believes there is an increase of 15.33% from Central Asia Metals PLC’s current share price of 177.75.

The number of shares Central Asia Metals PLC currently has in issue is 111,558,000, which have a value of 177.75 per share calculating Central Asia Metals PLC’s market capitalisation to 198.29M GBP.

Central Asia Metals PLC Twelve Month Chart For Central Asia Metals PLC

Peel Hunt Reiterated Central Asia Metals PLC (LON:CAML) As ‘Buy’

Over the last 52 weeks Central Asia Metals PLC’s stock price has increased by 23.06% from 144.44 to 177.75

Shares in Central Asia Metals PLC have risen as high as 187.68 in the past 52 weeks whilst the lowest price in the last 52 weeks has been 118.21. The business’s 50 day moving average is 170.3 and its 200 day moving average is 161.6.

Central Asia Metals plc is a United Kingdom-based mining and exploration company. The Company’s principal business activity is the production of copper cathode at its Kounrad operations in Kazakhstan. It has operations primarily in Kazakhstan. It also owns various exploration projects in Mongolia, which are held for sale and has an investment in a copper tailings project in Chile. The Company is a holding company for a group of companies, which are engaged in the processing and production of copper cathodes, from secondary mining techniques and the identification, acquisition and development of base and precious metals deposits primarily in the Central Asia region. It operates in the business segment of an SX-EW copper plant at Kounrad. The Company has produced a total of around 28,232 tons of copper at its Kounrad project. The Kounrad dumps contain around 650 million tons of material containing copper. The Eastern and Western dumps cover an area of around 22 square kilometers.