Central Asia Metals PLC -9.1% potential downside indicated by Canaccord Genuity

Central Asia Metals PLC with ticker (LON:CAML) now has a potential downside of -9.1% according to Canaccord Genuity.



Canaccord Genuity set a target price of 190 GBX for the company, which when compared to the Central Asia Metals PLC share price of 209 GBX at opening today (19/09/2023) indicates a potential downside of -9.1%. Trading has ranged between 169 (52 week low) and 299 (52 week high) with an average of 310,858 shares exchanging hands daily. The market capitalisation at the time of writing is £375,328,498.

Central Asia Metals PLC is a United Kingdom-based base metals producer. The Company’s principal business activities are the production of copper cathode, lead, zinc, and silver. The Company owns 100% of the Kounrad solvent extraction and electrowinning (SX-EW) copper project in central Kazakhstan and 100% of the Sasa zinc-lead mine in North Macedonia. The Kounrad project is located in Kazakhstan and is engaged in the production of copper cathodes. The Sasa project is located in north-eastern North Macedonia, approximately 150 kilometers (km) east of the capital city, Skopje, and 10km north of the local town, Makedonska Kamenica. The Sasa project is engaged in the production of lead, zinc, and silver. The Company’s subsidiaries include CAML KZ Limited, CAML MK Limited, Ken Shuak LLP, Kounrad Copper Company LLP, Minera Playa Verde Limitada, Rudnik SASA DOOEL Makedonska Kamenica, and Sary Kazna LLP.