Caledonia Mining (LON:CMCL) Shares Pass Below 200-Day Moving Average – Time to Sell?

Caledonia Mining Co. Plc (LON:CMCLGet Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,898.27 and traded as low as GBX 1,780. Caledonia Mining shares last traded at GBX 1,830, with a volume of 10,214 shares changing hands.

Caledonia Mining Trading Down 2.1%

The company has a quick ratio of 0.97, a current ratio of 1.44 and a debt-to-equity ratio of 6.38. The company has a market cap of £353.28 million, a PE ratio of 9.53 and a beta of 0.73. The business has a 50-day simple moving average of GBX 2,348.24 and a 200-day simple moving average of GBX 1,898.27.

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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