Caledonia Mining (LON:CMCL) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Caledonia Mining Co. Plc (LON:CMCL) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,140.27 and traded as low as GBX 2,075. Caledonia Mining shares last traded at GBX 2,160, with a volume of 7,032 shares.

Caledonia Mining Stock Performance

The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.97 and a current ratio of 1.44. The company has a market cap of £413.90 million, a PE ratio of 8.38 and a beta of 0.73. The business’s 50-day moving average is GBX 2,080.81 and its 200 day moving average is GBX 2,140.27.

Caledonia Mining Company Profile

Caledonia Mining (NYSE:CMCL, AIM:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe. By 2022 the Company plans to increase its annual production by 37%, up to 80,000 ounces.
The Company is listed in New York and London with a current Market Capitalisation of U$174m. Caledonia’s flagship asset is the Blanket Gold Mine in Zimbabwe, Caledonia has a prime position in Zimbabwe, one of the last gold frontiers in Africa with substantial exploration potential.