Caledonia Mining Co. Plc (LON:CMCL – Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 1,632.56 and traded as low as GBX 1,410. Caledonia Mining shares last traded at GBX 1,436, with a volume of 1,162 shares.
Caledonia Mining Price Performance
The company has a quick ratio of 0.96, a current ratio of 4.66 and a debt-to-equity ratio of 42.61. The business has a fifty day simple moving average of GBX 1,632.56 and a two-hundred day simple moving average of GBX 1,883.31. The company has a market capitalization of £277.14 million, a price-to-earnings ratio of 4.51 and a beta of 0.61.
About Caledonia Mining
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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