Caledonia Mining (LON:CMCL) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Caledonia Mining Co. Plc (LON:CMCLGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,966.52 and traded as low as GBX 1,570. Caledonia Mining shares last traded at GBX 1,610, with a volume of 2,457 shares trading hands.

Caledonia Mining Stock Performance

The company has a market capitalization of £299.35 million, a P/E ratio of 4.87 and a beta of 0.60. The company has a current ratio of 4.66, a quick ratio of 0.97 and a debt-to-equity ratio of 42.61. The company’s fifty day moving average is GBX 1,768.46 and its 200 day moving average is GBX 1,959.77.

Caledonia Mining Company Profile

(Get Free Report)

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.

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