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

Caledonia Mining Co. Plc (LON:CMCL)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,096.41 and traded as low as GBX 1,900. Caledonia Mining shares last traded at GBX 2,035.20, with a volume of 9,565 shares trading hands.

Caledonia Mining Stock Performance

The company has a fifty day moving average of GBX 2,043.86 and a two-hundred day moving average of GBX 2,096.41. The firm has a market capitalization of £378.38 million, a price-to-earnings ratio of 7.66 and a beta of 0.73. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.97 and a current ratio of 1.44.

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.