FinnCap Indicates Potential 52.38% Increase In Shares Of Central Asia Metals PLC

FinnCap Indicates Potential 52.38% Increase In Shares Of Central Asia Metals PLCOn Monday finnCap retained its broker consensus on shares of Central Asia Metals PLC (LON:CAML) giving the company a ‘Buy’ rating.

finnCap gave shares of Central Asia Metals PLC a price target of 264 indicating a potential increase of 52.38% from Central Asia Metals PLC’s current price of 173.25.

Central Asia Metals PLC has 111,558,000 shares in issue which have a share price of 173.25 giving Central Asia Metals PLC a market capitalisation of 193.27M GBp .

The 52 week high of Central Asia Metals PLC’s shares is 187.68 whilst the 52 week low for the company’s shares is 118.21. The 50 day moving average of LON:CAML is 171.34 and the 200 day moving average is 163.4.

Central Asia Metals plc is a mining and exploration company. The Company’s principal business activity is the production of copper cathode at its Kounrad operations in Kazakhstan. It also owns various exploration projects in Mongolia and holds interest in the copper tailings project in Chile. The Company operates through two segments, which consists of an SX-EW copper plant at Kounrad in Kazakhstan and the Copper Bay project in Chile. Its projects include Kounrad, which is an open-pit copper mine, located near the city of Balkhash in central Kazakhstan; Handgait molybdenum exploration project, which is situated in northern Mongolia; Ereen gold exploration project, which is situated approximately 130 kilometers north of Ulaanbaatar, in the center of Mongolia’s historic mining district, and Chanaral Bay copper project, which is in the Atacama region of Chile, approximately 1,000 kilometers north of Santiago and over 120 kilometers northwest of the regional capital of Copiapo.

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