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Central Asia Metals Cancels 25,000 Shares Under Ongoing Buyback

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Central Asia Metals Cancels 25,000 Shares Under Ongoing Buyback

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Central Asia Metals ( (GB:CAML) ) has provided an update.

Central Asia Metals has repurchased 25,000 of its own ordinary shares at 216 pence per share under its ongoing share buyback programme, with the shares to be cancelled and delisted from AIM. Following this transaction, the company will have 178,800,462 ordinary shares in issue, of which 193,325 are held in treasury, a revised capital base that shareholders can use to calculate disclosure thresholds under UK transparency rules.

The most recent analyst rating on (GB:CAML) stock is a Buy with a £248.00 price target. To see the full list of analyst forecasts on Central Asia Metals stock, see the GB:CAML Stock Forecast page.

Spark’s Take on GB:CAML Stock

According to Spark, TipRanks’ AI Analyst, GB:CAML is a Outperform.

Central Asia Metals shows strong financial performance and stability, supported by strategic share buybacks enhancing shareholder value. While technical indicators suggest the stock is overbought, its valuation remains reasonable with an attractive dividend yield. Operational challenges at the Sasa mine are a concern but are being addressed strategically.

To see Spark’s full report on GB:CAML stock, click here.

More about Central Asia Metals

Central Asia Metals is an AIM-quoted UK mining company based in London, owning 100% of the Kounrad SX-EW copper operation in central Kazakhstan and the Sasa zinc-lead mine in North Macedonia. It also holds an 80% interest in CAML Exploration, focused on early-stage exploration in Kazakhstan, and a 32.6% stake in Aberdeen Minerals, which is advancing base metals projects in northeast Scotland.

Average Trading Volume: 782,906

Technical Sentiment Signal: Buy

Current Market Cap: £373.5M

See more data about CAML stock on TipRanks’ Stock Analysis page.

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