Caledonia Mining (LON:CMCL) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Caledonia Mining Co. Plc (LON:CMCLGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,060.71 and traded as high as GBX 2,240. Caledonia Mining shares last traded at GBX 2,166, with a volume of 1,119 shares trading hands.

Caledonia Mining Price Performance

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 stock has a market cap of £418.15 million, a P/E ratio of 8.46 and a beta of 0.73. The firm’s fifty day moving average price is GBX 2,035.72 and its 200-day moving average price is GBX 2,060.71.

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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