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

Caledonia Mining Co. Plc (LON:CMCLGet Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,754.06 and traded as high as GBX 2,070. Caledonia Mining shares last traded at GBX 2,028, with a volume of 5,033 shares.

Caledonia Mining Stock Down 2.5%

The stock has a market capitalization of £391.51 million, a price-to-earnings ratio of 10.56 and a beta of 0.73. The business has a 50-day moving average of GBX 2,398.99 and a 200-day moving average of GBX 1,758.85. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.97 and a current ratio of 1.44.

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.

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