Caledonia Mining (LON:CMCL) Shares Pass Above 200-Day Moving Average – Time to Sell?

Caledonia Mining Co. Plc (LON:CMCLGet Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,060.71 and traded as high as GBX 2,240. Caledonia Mining shares last traded at GBX 2,166, with a volume of 1,119 shares.

Caledonia Mining Stock Down 1.1%

The company has a market capitalization of £418.15 million, a P/E ratio of 8.46 and a beta of 0.73. The company has a debt-to-equity ratio of 6.38, a current ratio of 1.44 and a quick ratio of 0.97. The company has a 50 day moving average of GBX 2,035.72 and a 200-day moving average of GBX 2,060.71.

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.

Featured Articles

Receive News & Ratings for Caledonia Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caledonia Mining and related companies with MarketBeat.com's FREE daily email newsletter.