Caledonia Mining (LON:CMCL) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Caledonia Mining Co. Plc (LON:CMCLGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,924.15 and traded as high as GBX 1,950. Caledonia Mining shares last traded at GBX 1,904.10, with a volume of 3,491 shares.

Caledonia Mining Trading Up 2.9%

The company has a market cap of £367.59 million, a price-to-earnings ratio of 7.44 and a beta of 0.73. The company’s 50 day moving average price is GBX 2,251.47 and its 200 day moving average price is GBX 1,924.15. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.97 and a current ratio of 1.44.

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.

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