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

Caledonia Mining Co. Plc (LON:CMCLGet Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,983.96 and traded as low as GBX 1,920. Caledonia Mining shares last traded at GBX 2,015, with a volume of 8,882 shares.

Caledonia Mining Stock Up 3.3%

The firm has a market capitalization of £389.00 million, a price-to-earnings ratio of 7.87 and a beta of 0.73. The company has a current ratio of 1.44, a quick ratio of 0.97 and a debt-to-equity ratio of 6.38. The firm has a fifty day moving average price of GBX 2,066.07 and a 200 day moving average price of GBX 1,983.96.

About Caledonia Mining

(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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