Caledonia Mining (LON:CMCL) Shares Up 5% – Should You Buy?

Caledonia Mining Co. Plc (LON:CMCL – Get Free Report) shares were up 5% on Friday. The stock traded as high as GBX 1,591 and last traded at GBX 1,591. Approximately 1,644 shares changed hands during trading, a decline of 71% from the average daily volume of 5,623 shares. The stock had previously closed at GBX 1,515.

Caledonia Mining Stock Up 5.0%

The company has a debt-to-equity ratio of 39.76, a current ratio of 5.73 and a quick ratio of 0.96. The company has a market cap of £307.62 million, a P/E ratio of 4.56 and a beta of 0.66. The stock has a fifty day moving average price of GBX 1,762.36 and a two-hundred day moving average price of GBX 1,772.89.

Caledonia Mining Company Profile

(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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