Caledonia Mining (LON:CMCL) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of Caledonia Mining Co. Plc (LON:CMCLGet Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,898.51 and traded as low as GBX 1,455. Caledonia Mining shares last traded at GBX 1,455, with a volume of 1,290 shares.

Caledonia Mining Trading Down 6.1%

The company has a market cap of £281.00 million, a price-to-earnings ratio of 4.58 and a beta of 0.61. The company’s 50 day moving average price is GBX 1,682.20 and its 200 day moving average price is GBX 1,898.51. The company has a debt-to-equity ratio of 42.61, a quick ratio of 0.96 and a current ratio of 4.66.

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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