Caledonia Mining (LON:CMCL) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Caledonia Mining Co. Plc (LON:CMCL) crossed 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 Price Performance

The company has a debt-to-equity ratio of 42.61, a current ratio of 4.66 and a quick ratio of 0.97. The firm has a fifty day moving average of GBX 1,775.76 and a two-hundred day moving average of GBX 1,966.52. The stock has a market capitalization of £310.94 million, a P/E ratio of 5.69 and a beta of 0.60.

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.