Central Asia Metals Ltd (LON:CAML) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 339.50 ($4.69) and last traded at GBX 339.50 ($4.69), with a volume of 503643 shares. The stock had previously closed at GBX 339.50 ($4.69).
A number of equities research analysts have recently issued reports on the stock. Peel Hunt upped their target price on shares of Central Asia Metals from GBX 295 ($4.08) to GBX 315 ($4.35) and gave the company a “buy” rating in a report on Friday, November 24th. Canaccord Genuity upped their target price on shares of Central Asia Metals from GBX 275 ($3.80) to GBX 320 ($4.42) and gave the company a “buy” rating in a report on Friday, February 2nd.
In other news, insider Kenges Rakishev sold 10,605,876 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of GBX 275 ($3.80), for a total value of £29,166,159 ($40,295,881.46).
Central Asia Metals Company Profile
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.
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