Caledonia Mining (LON:CMCL) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Caledonia Mining Co. Plc (LON:CMCL)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,199 and traded as low as GBX 1,900. Caledonia Mining shares last traded at GBX 1,950, with a volume of 5,068 shares trading hands.

Caledonia Mining Stock Performance

The stock’s 50-day simple moving average is GBX 2,155.02 and its 200-day simple moving average is GBX 2,199. The stock has a market cap of £376.45 million, a price-to-earnings ratio of 7.62 and a beta of 0.47. The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 9.46.

Caledonia Mining Company Profile

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.