Caledonia Mining (LON:CMCL) Share Price Passes Below 200-Day Moving Average – Here’s Why

Caledonia Mining Co. Plc (LON:CMCL)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,141.99 and traded as low as GBX 1,802. Caledonia Mining shares last traded at GBX 1,837.50, with a volume of 8,467 shares changing hands.

Caledonia Mining Stock Down 0.7%

The business has a fifty day simple moving average of GBX 1,998.99 and a 200 day simple moving average of GBX 2,141.99. The company has a debt-to-equity ratio of 12.59, a current ratio of 1.69 and a quick ratio of 0.97. The firm has a market cap of £354.73 million, a price-to-earnings ratio of 649.29 and a beta of 0.62.

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.